EX-99.1 2 tm2432340d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

Share Repurchase Update

 

During the quarter ended December 31, 2024, Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “we”) repurchased a total of 119 million ordinary shares (equivalent to 15 million ADSs) for a total of US$1.3 billion. These purchases were made in the U.S. market under our share repurchase program.

 

As of December 31, 2024, we had 18,517 million ordinary shares (equivalent to 2,315 million ADSs) outstanding, a net decrease of 103 million ordinary shares compared to September 30, 2024, or a 0.6% net reduction in our outstanding shares after accounting for shares issued under our ESOP.

 

Historical repurchases and total shares outstanding are set forth in the table below:

 

   Three months ended 
   Mar. 31,
2023		  Jun. 30,
2023		  Sep. 30,
2023		  Dec. 31,
2023		  Mar. 31,
2024		  Jun. 30,
2024		  Sep. 30,
2024		  Dec. 31,
2024		 
Repurchase amount (US$Bn)   $1.9  $3.1  $1.7  $2.9  $4.8  $5.8  $4.1  $1.3 
Shares repurchased (Mn ADSs)    22   36   19   37   65   77   52   15 
Outstanding shares (Mn ADSs)    2,566   2,549   2,531   2,499   2,434   2,378   2,327   2,315 

 

The remaining amount of Board authorization for our share repurchase program, which is effective through March 2027, was US$20.7 billion as of December 31, 2024.

 

January 2, 2025

 

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