Home Technology Alibaba's quarterly revenue up 9%, misses adjusted profit due to heavy AI spend

Alibaba's quarterly revenue up 9%, misses adjusted profit due to heavy AI spend

Alibaba's quarterly revenue up 9%, misses adjusted profit due to heavy AI spend

Written By:
Published: August 20, 2026 16:38:07 IST

Add NewsX As A Trusted Source

By Harshita Mary Varghese and Laurie Chen Aug 20 (Reuters) – China's Alibaba reported a 9% rise in quarterly revenue on Thursday, as strong AI demand fueled growth in its cloud business, but missed

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

RELATED News

Australia passes law to levy tech giants that fail to pay for local news

Alibaba reports 9% rise in quarterly revenue

Australia passes law to levy tech giants that fail to pay for local news

Australia passes law to levy tech giants that fail to pay for local news

SK Hynix workers to get 60% of this year's bonuses in stock rather than all cash

LATEST NEWS

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

Naomi Watts to be honoured with Zurich film festival's Golden Eye Award for 'The Housewife'

SG Wealth Aabhar 2026 Unites Central India’s Visionaries

CEO says LIV faces deadline for funding deal, needs player buy-in

BRIEF-Rapala Reports Q2 Net Sales Up At €65.3 Million

Alibaba's quarterly revenue up 9%, misses adjusted profit due to heavy AI spend

Green giant: How Taylor Farms became a top salad supplier before US diarrhea outbreak

Brad Pitt joins Wim Wenders' Peter Zumthor documentary as executive producer

Home riders shine as Swiss Epic opens in the Engadin

BRIEF-Anlon Technology Solutions Awarded Order Worth 14 Million Rupees

Follow Us

NewsX is India’s fastest growing English News Channel and enjoys highest viewership and highest time spent amongst educated urban Indians.

TOP CATEGORIES

QUICK LINKS

Follow Us

NewsX is India’s fastest growing English News Channel and enjoys highest viewership and highest time spent amongst educated urban Indians.

TOP CATEGORIES

Group Websites

QUICK LINKS