Alibaba Cloud's AI growth coincides with 75% profit drop

AI Earnings (Google News)August 22, 2026en

AI Earnings (Google News)

AI Global Wire

AI revenue surge: AI Cloud and Compute Services revenue rose 45% to RMB48.44 billion in the latest quarter. Profit decline: GAAP net income dropped 75% to RMB10.4 billion despite strong AI revenue ...

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