Home Technology Alibaba profit falls 75% after ramping up AI infrastructure spending

Alibaba profit falls 75% after ramping up AI infrastructure spending

Alibaba profit falls 75% after ramping up AI infrastructure spending

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Published: August 20, 2026 20:45:04 IST

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By Laurie Chen and Harshita Mary Varghese Aug 20 (Reuters) – China's Alibaba reported a 75% fall in quarterly net profit on Thursday as the tech giant heavily ramped up AI capital expenditure, betting

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