Alibaba Group upsized its share buyback program by US$25 billion as part of its ongoing enhancement of shareholder returns.

AliExpress Choice celebrated its first anniversary. Merchants are empowered by Choice to focus on supply chain management while minimizing retail commerce operational barriers through the “Fulfilled by AliExpress” offering.

Alibaba opened Park C on its Xixi Campus in Hangzhou. The new area was based on a green, technology-driven, sustainable design philosophy promoting a low-carbon work environment. Alibaba also inaugurated its new campus in Beijing on the same day.

Alibaba announced its annual regular cash dividend for the fiscal year 2024 and a one-time extraordinary cash dividend totalling approximately US$4 billion.

Alibaba raised US$5 billion in convertible senior notes to support its share buyback program.

Alibaba Cloud launched its latest large language model series, Qwen2, which has enhanced performance and multilingual capabilities in addition to improved safety alignment.

Alibaba’s successful 6.18 Shopping Festival delivered strong online GMV growth year-over-year.

Alibaba Cloud enabled remote video production and transmission through cloud infrastructure for the Paris 2024 Summer Olympics, where cloud overtook satellite as the primary means of broadcast for the first time in Olympics history.

Alibaba completed its voluntary conversion from a secondary listing to a primary listing on the Hong Kong Stock Exchange, and becomes a dual primary listed company on the Hong Kong Stock Exchange and the New York Stock Exchange.