Alibaba's quarterly profit drops 75 per cent
3 sources·Updated August 20, 2026
Alibaba quarterly profit
Covered by 3 sources
- Bloomberg Technology·5h agoAlibaba Profit Dives 75% as AI Spending Ratchets Up
Alibaba Group Holding Ltd.’s profit plunged more than 75% after the company increased quarterly capital spending to almost $10 billion to safeguard its position in the global AI arena. Bloomberg's Minmin Low reports. (Source: Bloomberg)
Read at Bloomberg Technology → - The West Australian·9h agoAlibaba's quarterly profit drops 75 per cent
Spending on artificial intelligence infrastructure has resulted in Alibaba registering a 75 per cent drop in profit for the latest quarter from the year before.
Read at The West Australian → - CNBC Top News·15h agoAlibaba shares fall 5% as AI spending drives 75% drop in net income
Alibaba's U.S. listed shares were volatile in premarket trading after posting a 75% drop in net income in the June quarter.
Read at CNBC Top News →