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 rises ~5% (Jane Zhang/Bloomberg)

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 rises ~5%  —  - The move may appeal to some investors as growth slows  — Alibaba is grappling with market and internal uncertainty