Alibaba Boosts Share Buyback to US$15B; Q1 Revenue Surges 34% YoY Powered by Multiple Growth Engines

•Upsizes ADS buyback program to US$15 billion from US$10 billion
•Q1 revenue jumps to US$31.9 billion; +34% YoY
•Invested in areas such as Community Marketplaces, Taobao Deals and Taobao Live