In 2024, it bought back 220M ADRs, remaining 2300M. This is close to 10% share buyback, and worth an average of $16B, a 40-50% share spike this year is worth pure profit of about $7 to 8B
This is close to a full quarter of profit
Modify on 2025-02-17 19:55
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As mentioned yesterday that Alibaba results are going to be great.
I have sold 2/3 @135 tonight to lock in profit. I have a feeling that it may drop back to 130 tobight. Well, I may be wrong, let's see. If I am wrong, then try to buy back tomorrow during HK trading hours