Chinese Internet Giants Ramp Up Share Buybacks Amid Market Slump

Alibaba leads with a record $12.5 billion repurchase, signaling confidence despite ongoing economic challenges.

Chinese internet giants, led by Alibaba, are aggressively buying back shares to boost their market value amid a historic stock rout.
Alibaba announced a record $12.5 billion share repurchase in the past fiscal year, signaling confidence in its future prospects.
The move comes as Chinese regulators urge listed companies to stabilize market confidence through share buybacks.
Share buybacks have surged to record levels in Hong Kong and mainland China, with companies spending billions to support their stock prices.
Despite these efforts, challenges such as China's economic slowdown and global selling of Chinese assets due to geopolitical tensions continue to pressure share prices.