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Technology

Alibaba quarterly profit drops 75% as AI investment spending grows

ABC News Technology · August 20, 2026 at 11:10 AM

Alibaba quarterly profit drops 75% as AI investment spending grows

China's Alibaba reports a 75% drop in profit for the latest quarter from the year before to roughly $1.6 billion as it invests heavily in AI infrastructure

Read the full article on ABC News Technology ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on abcnews.go.com — the content belongs to ABC News Technology.

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