The tech giant is one of several Chinese AI firms that have been rushing to catch up to U.S. companies in the AI race.
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Chinese tech giant Alibaba
on Thursday reported net income had dropped 66% year-over-year, as it missed analyst revenue expectations.
Here’s how Alibaba performed its fiscal quarter, ending Dec. 31, 2025:
Alibaba is one of several Chinese AI firms that have been rushing to catch up to U.S. companies in the AI race.
Alibaba posted a a revenue miss in the June quarter even as it showed an acceleration at its cloud computing unit.
Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.
Alibaba reported a 34% year-on-year rise in cloud computing revenue to 39.8 billion yuan.
The Chinese tech giant is spending tens of billions of dollars on AI despite concerns that companies are spending too much on the…
Alibaba cut its staff by roughly 34% over the course of 2025, as the company disposed of peripheral holdings to focus on its AI…
Alibaba plans to increase spending on AI models and infrastructure development even further, Chief Executive Officer Eddie Wu…
