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Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending

This story is from 2026-08-20. It is preserved in the archive; the latest stories are on the live feed.

Alibaba Group Holding on Thursday reported revenue growth of 45 per cent for its cloud and artificial intelligence division in the June quarter, driving adjusted profit to a better-than-expected 27.3 billion yuan (US$4 billion). The company assured investors that its soaring spending on AI infrastr…

Read the full story at South China Morning Post Tech ↗

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  1. 2026-08-20 10:16 · South China Morning Post Tech
    Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending

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