Categories: Technology

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

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…

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

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.)

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

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