"Alibaba's Share Buyback Plan Backfires as Stock Falls on Earnings"

Alibaba reported third quarter earnings that beat analyst estimates but fell short on revenue, leading to a stock drop of about 4.5%. The company announced a $25 billion increase in its buyback program, but concerns about slowing growth amid the overall slowdown of the Chinese economy contributed to the stock decline. The company's core domestic e-commerce business and cloud business also faced challenges, with the average order value decreasing.