Alibaba’s (BABA) AI Bet Crushes Profit While Cloud Revenue Soars

China AI Markets (Google News)August 21, 2026en

China AI Markets (Google News)

AI Global Wire

On August 20, Alibaba Group (NYSE:BABA) reported that quarterly net profit had fallen 75% from a year earlier, even as revenue for the April to June period climbed 9%. The headline number looks ...

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