Alibaba Group Holding Limited (NYSE: $BABA) reported a strong financial performance, with a notable share buyback program announced. The company executed the repurchase of 119 million common shares for approximately $1.3 billion during the third quarter of fiscal year 2025. This move is part of Alibaba's strategy to actively manage its balance sheet, which includes non-core asset sales and extending debt maturities at favorable rates. In pre-market trading, Alibaba's stock rose by 6%. However, some analysts expressed disappointment with the scale of the buybacks, considering the company's market capitalization of around $300 billion and an annualized stock-based compensation of approximately $2.5 billion, which may dilute the impact of the buybacks. The CFO highlighted the company's focus on stabilizing domestic market share and indicated that share price will be a factor in future buyback decisions.