Alibaba increases its share buyback program from $15B to $25B, sending its Hong Kong-listed shares up by 11%+; Alibaba has so far purchased ~$9.2B in shares (Arjun Kharpal/CNBC)

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Arjun Kharpal / CNBC:

Alibaba will increase its share buyback program from $15B to $25B, sending its Hong Kong-listed shares up by 11%+; Alibaba has to date bought ~$9.2B in shares  —  – Alibaba mentioned on Tuesday it’s going to enhance the scale of its share buyback program from $15 billion to $25 billion, efficient for a two-year interval by March 2024.