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September 01, 2020 1:28pm
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Alibaba Stock Jumps 11% After Upping Share Repurchase Program

Alibaba Group Holding Ltd.’s stock rallied after the Chinese e-commerce giant announced that it would increase the size of its share buyback program to $25 billion from $15 billion. According to Reuters, Alibaba shares, which have more than halved in the past year, closed up 11% on Tuesday. Its...
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