Alibaba cloud revenue rises 45% even as AI spending weighs on profit
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Source: CNBC
Published: 2026-08-20 19:48 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, China, Financial Markets, Tax & Budget, Technology
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Snippet:
Alibaba's U.S. shares dropped 4% in premarket trading Thursday after the Chinese tech giant posted net income that plummeted 75% in the June quarter.
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