Alibaba to Baidu Increase U.S. Share Buybacks as Prices Slump

  • Chinese companies authorized $7.6 billion in U.S. buybacks
  • China ADRs trade near cheapest level since the start of 2014

The selloff that has pushed an index of U.S.-traded Chinese stocks down more than 30 percent since June has some of the biggest companies seeking to buy back record numbers of shares.

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