Chinese tech giant Alibaba reports a 9% revenue rise driven by AI growth despite a 76% net profit drop amid strategic investments and market pressures. Read more at straitstimes.com. Read more at straitstimes.com.

Alibaba's U.S. shares dropped 4% in premarket trading Thursday after the Chinese tech giant posted net income that plummeted 75% in the June quarter.The company has been investing…

As businesses increasingly deploy artificial intelligence applications, demand for the cloud computing power needed to train and run those systems has surged, benefiting China's…