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

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    Source: South China Morning Post
    Published: 2026-08-20 20:16 UTC+10:00
    Section: General
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Technology & AI, Financial Markets, Tax & Budget, Technology
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    Snippet:
    Tech giant posts fastest growth in cloud and AI revenue in 22 quarters, with capex up 75% amid fierce competition in the sector
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