Sunday, December 27, 2020

Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 5%+ to a six month low in early Hong Kong trading amid antitrust fears (Coco Liu/Bloomberg)

Coco Liu / Bloomberg:
Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 5%+ to a six month low in early Hong Kong trading amid antitrust fears  —  - An upsized share buyback program fails to lift Alibaba shares  — It coincides with a harsh clampdown on part-owned Ant Group



No comments:

Post a Comment

An interview with White House OSTP Director Michael Kratsios, a Peter Thiel protégé confirmed by the Senate on March 25, on US plans to counter Beijing on AI (Amrith Ramkumar/Wall Street Journal)

Amrith Ramkumar / Wall Street Journal : An interview with White House OSTP Director Michael Kratsios, a Peter Thiel protégé confirmed by ...