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Alibaba to Purchase Again As much as $25 Billion of Inventory

Alibaba to Purchase Again As much as  Billion of Inventory

Alibaba Group Holding Ltd. boosted its share buyback program to $25 billion from $15 billion, in a bid to reassure buyers in regards to the firm’s prospects after a yr during which its inventory has fallen by greater than half.

The potential buybacks are substantial in contrast with the Chinese language e-commerce big’s market worth: As of Monday, it had a market capitalization of about $270 billion, in keeping with FactSet.

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