Alibaba Shares Sink as AI Spending Surges, Sending Down Its Profit
- Posted on August 20, 2026
- By International Business Times
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- 1 min read
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Alibaba Shares Sink as AI Spending Surges, Sending Down Its Profit
Revenue rose 9% from a year earlier to 268.95 billion Chinese yuan, or roughly $39.7 billion, narrowly exceeding the 268.88 billion yuan expected by analysts.
