Alibaba increases share buyback size to $25b to prop up battered stock

Alibaba increases share buyback size to $25b to prop up battered stock

Photographer: Qilai Shen/Bloomberg

Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth.