$Alibaba(BABA)$ 's buyback amount reached 124.8 billion CNH, while $Tencent Holding Ltd.(TCEHY)$ 's buyback was 112 billion HKD. In terms of the amount and scale of the buybacks, Alibaba is quite impressive among Chinese concept stocks, earning the title of the "Buyback King" in this sector. This move reflects Alibaba's emphasis on its own value and also demonstrates the company's confidence in its future development. Through buybacks, Alibaba can stabilize its stock price in the market and enhance the company's competitiveness.
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