Alibaba and two executives buy back $500 million in shares

Alibaba Group Holding and its Chairman Jack Ma and Vice Chairman Joe Tsai have taken part in a share buyback worth a combined $500 million as part of a $4 billion stock repurchase scheme announced in August, the company said on Monday. Sina News reported that Ma and Tsai had signed an agreement to use their private funds to purchase shares worth $500 million. The $4 billion repurchase programme announced in August was slated to take place over two years and was aimed at offsetting the impact of