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Alibaba’s AI spending lifts capex 75% as quarterly profit falls 76% · TechNode
Alibaba reported RMB268.95 billion in revenue for the quarter ended June 30, up 9% year on year, while net income attributable to ordinary shareholders
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cnbc.com
Alibaba shares fall 4% as AI spending drives 75% drop in net income
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…
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channelnewsasia.com
Ant Group quarterly profits rise 1% on year
Aug 20 : Alibaba's financial subsidiary Ant Group's quarterly profits rose 1 per cent year-on-year to around 4.7 billion yuan ($698 million) in the quarter ending June 30, Reuters…
