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Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program

Por: ABC News Tech July 24, 2023

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HONG KONG -- Chinese e-commerce giant Alibaba says it does not plan to sell any shares in its one-third shareholding in financial technology company Ant Group because it wants to retain its stake in an “important strategic partner.”Alibaba Group Holdings said in a filing Sunday that it will not participate in Ant’s share buyback program. It allows shareholders to sell back up to 7.6% of their holdings at an unspecified price that values... + full article



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