Alibaba Quarterly Profit Drops 75% as AI Investment Spending Grows
- Posted on August 20, 2026
- By Google News
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Alibaba Quarterly Profit Drops 75% as AI Investment Spending Grows
HONG KONG (AP) — China’s technology giant Alibaba on Thursday reported a 75% drop in profit for the latest quarter as it invested big in artificial intelligence infrastructure, even as revenue coming from its AI-related services gained 45%. The Hong Kong- and U.S.-listed company, which started out ...
