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Benzinga
Benzinga
Technology
Anusuya Lahiri

Here's How Alibaba's Buyback Boost Could Win Back Investors In China's Internet Sector

BABA Alibaba China Alibaba Group Holding Ltd Nasdaq Tencent

Alibaba Group Holding Ltd (NYSE:BABA) share buyback boost could kickstart a wave of such returns by cash-rich Chinese internet firms, triggering investor curiosity, Bloomberg reports.

Baidu Inc (NASDAQ: BIDU), JD.com Inc (NASDAQ: JD), Xiaomi Corp (OTC: XIACY), and Tencent Holdings Ltd (OTC: TCEHY) shares rallied after Alibaba expecting more share buybacks at scale by the Chinese technology giants.

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