Alibaba (BABA) Stock Analysis: Buy After Earnings Beat?

This morning Alibaba (#BABA) announced their FQ3 earnings and beat analyst expectations! The company reported a Non-GAAP EPS of $3.38 (beat by $0.13) and revenue of $33.8B (beat by $530M).

Recently #Alibaba stock was down after new that the Chinese Communist Party was cracking down on monopolies and that Alibaba was at the top of the hit list. The stock fell as much as -33% as investors panicked, but has rebounded from lows since. Should investor now be buying shares of BABA after the earnings beat?
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Thanks to Palácio do Planalto for the photo of CCP President Xi Jinping:
https://en.wikipedia.org/wiki/Xi_Jinping#/media/File:Xi_Jinping_2019.jpg