by Amruth Sundarkumar | Mar 22, 2022 | China, Corporates
Chinese e-commerce giant Alibaba has increased its share buyback program to $25bn, which will be conducted till March 2024. Alibaba’s share buyback program is its largest till date and tops its $15bn buyback program in August 2021. Last week, China announced its...
by Amruth Sundarkumar | Feb 25, 2022 | China, Corporates
Alibaba reported its slowest quarterly revenue growth since its IPO in 2014. Revenues rose 10% YoY to $38bn and net income fell 75% to $3bn, which the company said was primarily due to the impairment of goodwill of $3.9bn. Revenues in its China commerce business rose...
by bondevalue | Apr 12, 2021 | China, Investment Grade Bonds
Chinese regulators fined Alibaba a record $2.8bn on anti-monopolistic practices. As per regulators, Alibaba restricted competition by not allowing sellers use other platforms. Alibaba accepted the fine and said it was unaware of any other probes by the regulator. Some...
