Alibaba Shares Surge With Buyback, Signs of Covid Easing
Alibaba Group Holding Ltd. shares rose after the Chinese e-commerce giant unveiled a new buyback plan and suggested Covid-19 restrictions are beginning to ease enough to benefit its business.
The stock was up as much as 6.4% in Hong Kong trading on Friday morning.
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
Up Next
Alibaba Shares Surge With Buyback, Signs of Covid Easing