Alibaba announced on February 7 that it will expand its repurchase scale, with Jack Ma and Chongxin Cai significantly increasing their holdings. Alibaba released its performance report for the third quarter of the 2024 fiscal year as of December 31, 2023. In the quarter, Alibaba achieved a revenue of 260.348 billion yuan, a year-on-year increase of 5%; Adjusted EBITDA (profit before interest, tax, depreciation, and amortization) was RMB 59.572 billion, a year-on-year increase of 1%; Non GAAP net profit was 47.951 billion yuan, a year-on-year decrease of 4%. The Alibaba board of directors has approved an increase of $25 billion (approximately RMB 179.9 billion) in the share repurchase plan, which means the total repurchase scale has increased to $65 billion.