The tech giant reported a 75% drop in net income in the second quarter on revenue of 269 billion yuan, up 9% year-on-year
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Alibaba Group Holding Ltd. reported a 75% plunge in net profit for the second quarter of 2026, as contraction in its core e-commerce business and increased spending on AI weighed on earnings.
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Alibaba's net income fell 75% to $1.5B in the June quarter despite 9% revenue growth, as aggressive AI infrastructure spending…
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…
Net income fell to 10.54 billion yuan in the June quarter, while cloud revenue grew 45% on surging AI demand
Cloud and AI product revenue accelerated in the June quarter, but a 75% drop in net income extended Alibaba's run of profit…
Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.
Alibaba's AI spending hit $9.98bn in the June quarter, profit fell 75%, and the cloud unit it pays for turned a segment profit up…
