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Alibaba’s Revenue Climbs 9% in Testament to China’s AI Boom - Bloomberg.com

Published by Bloomberg By Luz Ding · 20 August 2026 at 16:35
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Alibaba’s Revenue Climbs 9% in Testament to China’s AI Boom - Bloomberg.com
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What the report says

Alibaba Group Holding Ltd.’s profit plunged more than 75% after the Chinese company ratcheted up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena.

Read the full report at Bloomberg →

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