Categories: Technology

Alibaba profit falls 75% after ramping up AI infrastructure spending

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…

Add NewsX As A Trusted Source
Add as a preferred
source on Google
Published by
Published: August 20, 2026 20:45:04 IST

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

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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

Recent Posts

UPDATE 5-Venezuela's Maduro, wife Flores tortured opponents to stay in power, US prosecutors say

(Adds denial of Flores' bail motion in paragraphs 2, 15; adds quote from AG Todd…

October 8, 2026

Genre-defying Canadian poet Anne Carson wins 2026 Nobel Prize in Literature

By Simon Johnson, Marie Mannes and Justyna Pawlak STOCKHOLM, Oct 8 (Reuters) - Canadian poet…

October 8, 2026

US suspends Microsoft, major IT firms from key green card program

By Dan Rosenzweig-Ziff WASHINGTON, Oct 8 (Reuters) - The US government is suspending Microsoft ,…

October 8, 2026