Alibaba repurchased 414M shares for $4.1B during Q1 under repurchase program

In a regulatory filing, Alibaba announced that during the quarter ended September 30, the company repurchased a total of 414 million ordinary shares, equivalent to 52 million ADSs, for a total of $4.1B. These purchases were made in both the U.S. and Hong Kong markets under its share repurchase program, Alibaba said. As of September 30, Alibaba said it had 18,620 million ordinary shares, equivalent to 2,327 million ADSs, outstanding, a net decrease of 405 million ordinary shares compared to June 30, or a 2.1% net reduction in its outstanding shares after accounting for shares issued under its ESOP.