Alibaba quarterly profit drops 75% as AI investment spending grows

3 verified updates • corroborated by 2 independent sources • tracked since August 20, 2026

Part of ongoing coverage: AI

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Aug 20, 03:31 PM 1 source: AP News
Alibaba quarterly profit drops 75% as AI investment spending grows
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Aug 21, 02:31 AM 2 sources: ABC News, AP News
Alibaba quarterly profit drops 75% as AI investment spending grows - ABC News
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Aug 21, 03:01 AM 1 source: AP News
Alibaba quarterly profit drops 75% as AI investment spending grows