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China's Alibaba says it will not join Ant Group's share buyback

China's Alibaba says it will not join Ant Group's share buyback

FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo

China’s Alibaba Group said on Sunday it had decided not to participate in affiliate Ant Group‘s proposed repurchase of shares, but would maintain its shareholding in the company.

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