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AI IntelligenceAug 22, 2026Primary Market
Article

TechNode · Reported · Alibaba

Alibaba’s AI spending lifts capex 75% as quarterly profit falls 76%: Alibaba's June-quarter revenue rose 9% year on year to RMB268.95 billion, while net income attributable to ordinary shareholders fell 76% to RMB10.54 billion. Capital expenditure jumped 75% to RMB67.68 billion, mainly on AI infrastructure, and operating cash flow was RMB22.95 billion.

Frontier EditorialSource: TechNode
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Source Brief

Alibaba’s AI spending lifts capex 75% as quarterly profit falls 76%: Alibaba's June-quarter revenue rose 9% year on year to RMB268.95 billion, while net income attributable to ordinary shareholders fell 76% to RMB10.54 billion. Capital expenditure jumped 75% to RMB67.68 billion, mainly on AI infrastructure, and operating cash flow was RMB22.95 billion.

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