Exhibit 99.1
Share Repurchase Update
During the quarter ended December 31, 2024, Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “we”) repurchased a total of 119 million ordinary shares (equivalent to 15 million ADSs) for a total of US$1.3 billion. These purchases were made in the U.S. market under our share repurchase program.
As of December 31, 2024, we had 18,517 million ordinary shares (equivalent to 2,315 million ADSs) outstanding, a net decrease of 103 million ordinary shares compared to September 30, 2024, or a 0.6% net reduction in our outstanding shares after accounting for shares issued under our ESOP.
Historical repurchases and total shares outstanding are set forth in the table below:
| Three months ended | |||||||||||||||||||||||||
| Mar. 31, 2023 | Jun. 30, 2023 | Sep. 30, 2023 | Dec. 31, 2023 | Mar. 31, 2024 | Jun. 30, 2024 | Sep. 30, 2024 | Dec. 31, 2024 | ||||||||||||||||||
| Repurchase amount (US$Bn) | $ | 1.9 | $ | 3.1 | $ | 1.7 | $ | 2.9 | $ | 4.8 | $ | 5.8 | $ | 4.1 | $ | 1.3 | |||||||||
| Shares repurchased (Mn ADSs) | 22 | 36 | 19 | 37 | 65 | 77 | 52 | 15 | |||||||||||||||||
| Outstanding shares (Mn ADSs) | 2,566 | 2,549 | 2,531 | 2,499 | 2,434 | 2,378 | 2,327 | 2,315 | |||||||||||||||||
The remaining amount of Board authorization for our share repurchase program, which is effective through March 2027, was US$20.7 billion as of December 31, 2024.
January 2, 2025
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