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Alibaba AI outlays dent profit despite best revenue growth in years

Technology · en

Alibaba AI outlays dent profit despite best revenue growth in years

Nikkei Asia · Aug 20, 2026, 10:57 AM UTC

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 Thur