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Alibaba quarterly profit drops 75% as AI investment spending grows - ABC News - Breaking News, Latest News and Videos

Published by Abcnews.com By CHAN HO-HIM AP business writer · 20 August 2026 at 18:12
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Alibaba quarterly profit drops 75% as AI investment spending grows - ABC News - Breaking News, Latest News and Videos
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What the report says

China's Alibaba reports a 75% drop in profit for the latest quarter from the year before to roughly $1.6 billion as it invests heavily in AI infrastructure

Read the full report at Abcnews.com →

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