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2023-07-24

How scary is all this I'm in awe of the world we live I'm today

China's Alibaba Says Will Not Join Ant Group Share Buyback

BEIJING, July 23 - China's Alibaba Group said on Sunday it had decided not to participate in affiliate Ant Group's proposed repurchase of shares, but would maintain its shareholding in the company.Ant Group announced a surprise share buyback of up to 7.6% of its equity interest earlier this month, a day after it was fined $984 million by Beijing for violating laws and regulations.Online retail giant Alibaba, which spun off Ant 12 years ago retains a 33% stake.The fine has fuelled hopes that a y

China's Alibaba Says Will Not Join Ant Group Share Buyback

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