The reasonably good results must have come as a sigh of relief for many retail investors. Alibaba was in the limelight since late last year for all the wrong reasons. Last November, regulators slammed the brakes on the firm's would-be record-breaking $37 billion Ant Group's IPO. In April last quarter, she was fined $2.8 billion for anti-monopoly practice.  A piece of good news is the company will boost its current share buyback plan, from $6 billion to $10 billion. The company business model is still intact. Certainly worth putting the company in your watchlist.