Alibaba: Ant Group plans to buy back about 567.1 billion yuan of shares, and is considering whether to participate

Global Network Technology Comprehensive Report: On July 10th, Alibaba announced on the Hong Kong Stock Exchange on July 9th. The announcement said that Ant Group had received a notice that Ant Group would hold a shareholders' meeting to approve (among other things) the proposal of Ant Group to repurchase no more than 7

Global Network Technology Comprehensive Report: On July 10th, Alibaba announced on the Hong Kong Stock Exchange on July 9th. The announcement said that Ant Group had received a notice that Ant Group would hold a shareholders' meeting to approve (among other things) the proposal of Ant Group to repurchase no more than 7.6% of its shares from all its shareholders. The proposed share repurchase price represents the estimated value of Ant Group of about 567.1 billion yuan (about 78.48 billion dollars).

It is understood that the shares repurchased this time will be transferred into the employee incentive plan of Ant Group. Meanwhile, Alibaba Group is considering whether to participate in the proposed share buyback.

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