Alibaba Group Holding Ltd. has announced the grant of awards under its 2024 Plan. The awards consist of restricted share units, which may be granted to employees, consultants, and other service providers engaged with the group. Each American depositary share (ADS) represents eight ordinary shares of the company, and both the ADSs and shares are listed on stock exchanges in the US and Hong Kong. The plan is designed to cover individuals providing services in areas such as legal, IT, finance, tax, e-commerce, technology, business operations, and strategic planning.
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