Alibaba quarterly profit drops 75% as AI investment spending grows - ABC News
Source: Biztoc.com· abcnews.com· August 21, 2026
Alibaba quarterly profit drops 75% as AI investment spending grows 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 HONG KONG -- HONG KONG (AP) — China’…
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