Alibaba’s profit dives 75% after amping up AI spending, shares fell 3%

Asia AI Markets (Google News)August 20, 2026en

Asia AI Markets (Google News)

AI Global Wire

Alibaba Group Holding Ltd.’s profit plunged more than 75% after China’s e-commerce leader ratcheted up AI spending while grappling with a broad Chinese consumption slowdown.

This is a short summary published by AI Global Wire. The full article is owned and hosted by Asia AI Markets (Google News) — open it there to read it in full.

• Verktyg