HONG KONG -- Alibaba Group Holding's shares jumped more than 11% on Tuesday after the Chinese e-commerce company said it had upsized a stock buyback program to $25 billion from an earlier $15 billion in its biggest such offer.
China tech
Alibaba expands share buyback offer to $25bn after record slump
Stock soars as Chinese e-commerce group says move reflects confidence in growth
Alibaba Group's office building in Beijing. Alibaba has been boosting its stock buyback plan since an initial $6 billion program was rolled out in 2017. © Reuters
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