Alibaba's quarterly profit drops 75 per cent
2 sources·Updated August 20, 2026
Covered by 2 sources
- The West Australian·8h 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·13h 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 →