Chinese tech giant Alibaba posts profit drop amid AI drive
--------------------------------------------------------------------
Source: The Manila Times
Published: 2026-05-13 23:58 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Technology & AI, Economy & Finance, China, Financial Markets, Tax & Budget, World News, Business & Economy, Asia Pacific, Technology
--------------------------------------------------------------------
Snippet:
BEIJING — Chinese tech giant Alibaba said Wednesday that net profit dropped by nearly a fifth during its most recent fiscal year, weighed by challenges in the domestic economy and an expensive push into artificial intelligence.
--------------------------------------------------------------------