Hong Kong, 9th December: Hong Kong-listed, B2B e-commerce platform Alibaba.com announced in a company press release that the company will pay out a HK$1.1 billion special cash dividend – or HK$0.22 per share to registered shareholders.

Alibaba.com CEO David Wei stated that company management was not satisfied with the company’s stock performance in the market and will continue to implement a salary freeze for staff of director-level and above. The share price of Alibaba.com has fallen about 9.5% over the past three months, against an overall 9.4% rise in Hong Kong’s benchmark Hang Seng Index.   

Share Buy-back: Hong Kong, 2nd December: Hong Kong-listed B2B e-commerce platform Alibaba.com has submitted a request to the Hong Kong Stock Exchange to buy back 500,000 shares for around HK$4.7 million, or at prices ranging from HK$12.88 to HK$13 per share. The company’s stock has traded in the range of HK$12.50 to HK$19.96 in the past 52 weeks.

Alibaba.com has reportedly repurchased 1.5 million shares earlier this year – approximately 0.03% of the company’s outstanding shares. The company has not commented on the stock repurchase thus far. Source: Alibaba