Alibaba misses Q3 revenue target, boosts share buyback

Alibaba misses Q3 revenue target, boosts share buyback

FILE PHOTO-Shopping trolley is seen in front of Alibaba logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration

China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in the world’s second-largest economy.