{"slug": "alibabas-ai-spending-lifts-capex-75-as-quarterly-profit-falls-76", "title": "Alibaba’s AI spending lifts capex 75% as quarterly profit falls 76%", "summary": "Alibaba Group Holding Ltd. reported RMB268.95 billion in revenue for the quarter ended June 30, up 9% year on year, while net income attributable to ordinary shareholders fell 76% to RMB10.54 billion. Capital expenditure rose 75% to RMB67.68 billion, driven by increased investment in AI infrastructure. Revenue from Alibaba's AI cloud and computing services reached RMB48.44 billion, up 45%, and AI-related product revenue grew at a triple-digit rate for the 12th consecutive quarter.", "body_md": "Alibaba reported RMB268.95 billion in revenue for the quarter ended June 30, up 9% year on year, while net income attributable to ordinary shareholders fell 76% to RMB10.54 billion. Capital expenditure rose 75% to RMB67.68 billion, mainly as the company increased investment in AI infrastructure. [Alibaba’s June-quarter results](https://www.alibabagroup.com/en-US/document-2026456290057781248) also showed operating cash flow of RMB22.95 billion.\n\nRevenue from Alibaba’s AI cloud and computing services reached RMB48.44 billion, up 45%. AI-related product revenue reached RMB12.38 billion and continued to grow at a triple-digit rate for the 12th consecutive quarter. The company also reorganized its e-commerce, cloud-computing and AI-model businesses into new operating groups. [TechNode reporting]", "url": "https://wpnews.pro/news/alibabas-ai-spending-lifts-capex-75-as-quarterly-profit-falls-76", "canonical_source": "https://technode.com/2026/08/21/alibabas-ai-spending-lifts-capex-75-as-quarterly-profit-falls-76/", "published_at": "2026-08-21 05:42:34+00:00", "updated_at": "2026-08-21 06:13:01.305775+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-products"], "entities": ["Alibaba Group Holding Ltd.", "Alibaba Cloud"], "alternates": {"html": "https://wpnews.pro/news/alibabas-ai-spending-lifts-capex-75-as-quarterly-profit-falls-76", "markdown": "https://wpnews.pro/news/alibabas-ai-spending-lifts-capex-75-as-quarterly-profit-falls-76.md", "text": "https://wpnews.pro/news/alibabas-ai-spending-lifts-capex-75-as-quarterly-profit-falls-76.txt", "jsonld": "https://wpnews.pro/news/alibabas-ai-spending-lifts-capex-75-as-quarterly-profit-falls-76.jsonld"}}