Alibaba reported a 75% quarterly profit decline to roughly $1.6 billion for the April–June quarter (reported August 20, 2026), as the company significantly increased spending on artificial intelligence infrastructure. The company's cloud unit posted its fastest growth in 22 quarters.
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Alibaba quarterly profit drops 75% as AI investment spending grows AP News
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.
Alibaba reported a sharp fall in profit for the April-June quarter after increasing spending on artificial intelligence infrastructure. The company said profit fell 75% from a year earlier to 10.5 billion yuan, from 43.1 billion yuan, while revenue rose 9% to nearly 269 billion yuan [abcnews.com#1][perthnow.com.au#1][michaelwest.com.au#1][rthk.hk#1]. Revenue from AI cloud and compute services rose
Alibaba reported a sharp profit drop for the April-June quarter as spending on artificial intelligence infrastructure rose. Net income fell to about 10.5 billion yuan from 43.1 billion yuan a year earlier [seattletimes.com#1][perthnow.com.au#1][michaelwest.com.au#1][technode.com#1][cnyes.com#1][rthk.hk#1]. Revenue rose 9% to nearly 269 billion yuan, and revenue from AI cloud and compute services i
Alibaba's Cloud Unit Posts Fastest Growth in 22 Quarters as AI Spending Bites ->Startup Fortune | More on "Alibaba's cloud AI growth surge" at BigEarthData.ai | #AI Alibaba's cloud business is growing at a pace it hasn't seen in more than five years. The bill for that AI build-out is now sitting right on the income statement. Alibaba gave investors the number they wanted on August 20, 2026: AI Clo