Important BUY INTC Stage 2 (Conv: 5/5 | Size: 20%)
Alibaba AI outlays dent profit despite best revenue growth in years
Capex surges 75% on year as group braces for agent demand, faces higher chip costs Alibaba is spending big on its AI ambitions. © Reuters HONG KONG — Alibaba Group's profit for the April-June quarter shrank 75% to 10.44 billion yuan ($1.55 billion), the Chinese conglomerate said on Thursday, missing estimates as the company continued […]
By deepak · August 20, 2026 · 1 min read
Capex surges 75% on year as group braces for agent demand, faces higher chip costs
Alibaba is spending big on its AI ambitions. © Reuters
HONG KONG — Alibaba Group's profit for the April-June quarter shrank 75% to 10.44 billion yuan ($1.55 billion), the Chinese conglomerate said on Thursday, missing estimates as the company continued to invest massively in artificial intelligence.
Source: Read the original article on asia.nikkei.com
