Alibaba Group Holding Ltd 6-K, filed Jan 2, 2024
Alibaba Group Holding Ltd (BABA)
About this 6-K
Alibaba Group Holding Ltd filed this 6-K on January 2, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under
the Securities Exchange Act of 1934
January 2, 2024
Commission File Number: 001-36614
Alibaba Group Holding Limited
(Registrant’s name)
26/F Tower One, Times Square
1 Matheson Street
Causeway Bay
Hong Kong S.A.R.
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
EXHIBITS
Exhibit 99.1 – Announcement – Share Repurchase Update
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ALIBABA GROUP HOLDING LIMITED | ||
| Date: January 2, 2024 | By: | /s/ Kevin Jinwei ZHANG |
| Name: | Kevin Jinwei ZHANG | |
| Title: |
Company Secretary | |
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Exhibit 99.1
Share Repurchase Update
During the 12 months ended December 31, 2023, Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “we”) repurchased a total of 897.9 million ordinary shares (equivalent of 112.2 million ADSs) for a total of US$9.5 billion, including the purchase of 292.7 million ordinary shares (equivalent of 36.6 million ADSs) for a total of US$2.9 billion during the quarter ended December 31, 2023. These purchases were made in both the U.S. and Hong Kong markets under our share repurchase program.
As of December 31, 2023, we had 20.0 billion ordinary shares (equivalent of 2.5 billion ADSs) outstanding, compared to 20.7 billion ordinary shares (equivalent of 2.6 billion ADSs) from December 31, 2022. Our share repurchase program resulted in a net reduction of 3.3% in our outstanding shares in the last 12 months after accounting for shares issued under our ESOP.
The remaining amount of Board authorization for our share repurchase program, which is effective through March 2025, was US$11.7 billion as of December 31, 2023. Going forward, we will provide updates on our share repurchase immediately after the end of each quarter.
January 2, 2024
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