Alibaba's $10 billion buyback plan fails to halt stock slide as regulatory concerns mount

BEIJING/HONG KONG - Alibaba shares slumped 9% to their lowest since June on Monday, as the firm’s upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown on co-founder Jack Ma’s e-commerce and financial empire.

“The antitrust investigation into Alibaba has yet to specify the penalties, which is worrying investors a lot,” said Zhang Zihua, chief investment officer of Beijing Yunyi Asset, adding a probe outcome could “greatly change” the company valuations. Last month, Chinese regulators abruptly suspended Ant’s blockbuster $37 billion initial public offering in Shanghai and Hong Kong, which was on track to be the world’s largest, just two days before its planned debut.

The gloom due to the regulatory crackdown overshadowed Alibaba’s decision, announced on Sunday, to raise its share repurchase programme to $10 billion from $6 billion, effective for a two-year period through the end of 2022.

no more red diamonds for jack ma's little daughters. What is value if it can be erased in moments?

How many times I've to click on 'Watch again' How many times I've to click on 'Watch again' How many times I've to click on 'Watch again' How many times I've to click on 'Watch again' How many times I've to click on 'Watch again'

How many times I've to click on 'Watch again' How many times I've to click on 'Watch again' How many times I've to click on 'Watch again'

How many times I've to click on 'Watch again'

Alibaba and Amazon are the same problem but in China there is a government in the US command Wall Street

How much billion buyback plan from those forty thieves' s side How much billion buyback plan from those forty thieves' s side How much billion buyback plan from those forty thieves' s side How much billion buyback plan from those forty thieves' s side

How much billion buyback plan from those forty thieves' s side How much billion buyback plan from those forty thieves' s side How much billion buyback plan from those forty thieves' s side

How much billion buyback plan from those forty thieves' s side How much billion buyback plan from those forty thieves' s side

How much billion buyback plan from those forty thieves' s side

Dear Brothers & Sisters, Please give me your blessings to improve myself...to be able to change our AMERICA and finally our planet in the RIGHT direction. I NEED A LOT OF BLESSINGS. I WOULD BE FOREVER GRATEFUL TO YOU. I'm asking for blessings from GOD/ALLAH/SHIV/etc. also...

Dear Brothers & Sisters, Please give me your blessings to improve myself...to be able to change our AMERICA and finally our planet in the RIGHT direction. I NEED A LOT OF BLESSINGS. I WOULD BE FOREVER GRATEFUL TO YOU. I'm asking for blessings from GOD/ALLAH/SHIV/etc. also..

Dear Brothers & Sisters, Please give me your blessings to improve myself...to be able to change our AMERICA and finally our planet in the RIGHT direction. I NEED A LOT OF BLESSINGS. I WOULD BE FOREVER GRATEFUL TO YOU. I'm asking for blessings from GOD/ALLAH/SHIV/etc. also.

Please request everyone to celebrate this New Year by quitting any of their GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affair... GOD/ALLAH/SHIV/etc. would feel happy about them. If they don't believe this...please ask them to check this with GOD.

Please request everyone to celebrate this New Year by quitting any of their GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affair. GOD/ALLAH/SHIV/etc. would feel happy about them.. If they don't believe this...please ask them to check this with GOD.

Please request everyone to celebrate this New Year by quitting any of their GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affair. GOD/ALLAH/SHIV/etc. would feel happy about them. If they don't believe this...please ask them to check this with GOD...

Please request everyone to celebrate this New Year by quitting any of their GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affair. GOD/ALLAH/SHIV/etc. would feel happy about them. If they don't believe this...please ask them to check this with GOD..

Please request everyone to celebrate this New Year by quitting any of their GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affair. GOD/ALLAH/SHIV/etc. would feel happy about them. If they don't believe this...please ask them to check this with GOD.

China fighting China 🇨🇳 over money 💰 & power. Scum of the world 🌍

Dear Jack Ma Perhaps you need a history lesson. Look into Stalinism. The oligarchs who thought they were above the Soviet totalitarianism soon found themselves handing their pre Stalin turn of the century fortunes over to the Motherland

China is always a big risk.

LOL, poor rich people

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