Alibaba shares fall 5% as AI spending drives 75% drop in net income

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

Alibaba's U.S. listed shares were volatile in premarket trading after posting a 75% drop in net income in the June quarter.

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2026-08-20 13:42 · CNBC Technology
Alibaba shares fall 5% as AI spending drives 75% drop in net income

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