UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under
the Securities Exchange Act of 1934
April 2, 2025
Commission File Number: 001-36614
Alibaba Group Holding Limited
(Registrant’s name)
26/F Tower One, Times Square
1 Matheson Street
Causeway Bay
Hong Kong S.A.R.
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F o Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
EXHIBITS
Exhibit 99.1 – Announcement – Share Repurchase Update
SIGNATURES
ALIBABA GROUP HOLDING LIMITED | ||
Date: April 2, 2025 | By: | /s/ Kevin Jinwei ZHANG |
Name: | Kevin Jinwei ZHANG | |
Title: | Company Secretary |
Exhibit 99.1
Share Repurchase Update
During the quarter ended March 31, 2025, Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “we”) repurchased a total of 51 million ordinary shares (equivalent to 6 million ADSs) for a total of US$0.6 billion. These purchases were made in the U.S. market under our share repurchase program. For the fiscal year ended March 31, 2025, we repurchased a total of 1,197 million ordinary shares (equivalent to 150 million ADSs) for a total of US$11.9 billion. These purchases were made in both the U.S. and Hong Kong markets under our share repurchase program.
As of March 31, 2025, we had 18,474 million ordinary shares (equivalent to 2,309 million ADSs) outstanding, a net decrease of 43 million ordinary shares compared to December 31, 2024, or a 0.2% net reduction in our outstanding shares after accounting for shares issued under our ESOP. For the full fiscal year ended March 31, 2025, our share repurchase program resulted in a net decrease of 995 million ordinary shares, or a 5.1% net reduction in our outstanding shares after accounting for shares issued under our ESOP.
Historical repurchases and net reduction in total shares outstanding are set forth in the table below:
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |||||||||||||||||||||||||||||||
Three months ended | Three months ended | |||||||||||||||||||||||||||||||
Jun. 30, 2023 |
Sep. 30, 2023 |
Dec. 31, 2023 |
Mar. 31, 2024 |
Jun. 30, 2024 |
Sep. 30, 2024 |
Dec. 31, 2024 |
Mar. 31, 2025 |
|||||||||||||||||||||||||
Repurchase amount (US$Bn) | $ | 3.1 | $ | 1.7 | $ | 2.9 | $ | 4.8 | $ | 5.8 | $ | 4.1 | $ | 1.3 | $ | 0.6 | ||||||||||||||||
Shares repurchased (Mn ADSs) | 36 | 19 | 37 | 65 | 77 | 52 | 15 | 6 | ||||||||||||||||||||||||
Outstanding shares (Mn ADSs) | 2,549 | 2,531 | 2,499 | 2,434 | 2,378 | 2,327 | 2,315 | 2,309 | ||||||||||||||||||||||||
Net reduction % in total shares outstanding1 | – | – | – | (5.1 | %)2 | – | – | – | (5.1 | %) |
1. | Net reduction % in total shares outstanding is calculated by comparing the outstanding number of shares at the end of the fiscal year to the outstanding number of shares at the end of the prior fiscal year. |
2. | As of March 31, 2023, we had 20,526 million ordinary shares (equivalent to 2,566 million ADSs) outstanding. |
3. | Quarterly figures may not add up to the annual figures due to rounding. |
The remaining amount of Board authorization for our share repurchase program, which is effective through March 2027, was US$20.1 billion as of March 31, 2025.
April 2, 2025