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Alibaba profit falls 75% after ramping up AI infrastructure spending

Written By: TDG Syndication
Last Updated: August 20, 2026 20:40:08 IST

By Laurie Chen and Harshita Mary Varghese Aug 20 (Reuters) – China's Alibaba reported a 75% fall in quarterly net profit on Thursday as the tech giant heavily ramped up AI capital expenditure, betting

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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