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<Blue Chip Results>BABA-SW 1FQ Non-GAAP NP RMB43.44B Beats, Shr-buyback Program Upsized to USD15B
BABA-SW (09988.HK) announced that in 1FQ ended June 30, 2021, the non-GAAP net income was RMB43.441 billion, an increase of 10% year-over-year, above the upper end of market forecast at RMB42.196 billion. The net income attributable to ordinary shareholders was RMB45.141 billion, down 5% yearly.
The board of directors authorized the Company to upsize the Company's share repurchase program from US$10 billion to US$15 billion.
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