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



from Techmeme https://ift.tt/3htuF6b

Comments

Popular posts from this blog

Microsoft says it has no plans to add more backward compatible titles for Xbox One, but says Project Scarlett will run games from all four Xbox generations (Tom Warren/The Verge)

Internal docs: Facebook employees created a test account in 2019 and within days, it was recommended extreme and conspiratorial content, including QAnon Groups (Brandy Zadrozny/NBC News)

Facebook teases Project Cambria, a high-end mixed reality headset coming next year with cameras that allow high-resolution passthrough (Adi Robertson/The Verge)