Alibaba profit falls 75% after ramping up AI infrastructure spending

3 verified updates • corroborated by 1 independent source • tracked since August 20, 2026

Part of ongoing coverage: AI

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07:01 AM 1 source: Reuters
Alibaba reports 9% rise in quarterly revenue
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08:31 AM 1 source: Reuters
Alibaba's quarterly revenue up 9%, misses adjusted profit due to heavy AI spend
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11:31 AM 1 source: Reuters
Alibaba profit falls 75% after ramping up AI infrastructure spending