Alibaba’s Revenue Climbs 9% in Testament to China’s AI Boom - Bloomberg.com

By Luz Ding | Published: Aug 20, 2026

Alibaba Group Holding Ltd.s profit plunged more than 75% after the Chinese company ratcheted up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely compet… [+493 chars]