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Alibaba reports Q3 revenue up 5% YoY to ~$36.7B, net income down to ~$2B, Taobao and Tmall revenue up 2% YoY to ~$18B, and a $25B share buyback; BABA drops ~5% (Jane Zhang/Bloomberg) 07-02-2024

Jane Zhang / Bloomberg:
Alibaba reports Q3 revenue up 5% YoY to ~$36.7B, net income down to ~$2B, Taobao and Tmall revenue up 2% YoY to ~$18B, and a $25B share buyback; BABA drops ~5%  —  – The move may appeal to some investors as growth slows  — Alibaba is grappling with market and internal uncertainty


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