Alibaba's Profit Plunges Amid E-Commerce Struggles and AI Investment

Alibaba's profit has plunged by 75% as its e-commerce business falters and the company significantly increases its investment in artificial intelligence. This substantial spending on AI is weighing heavily on the tech giant's earnings.

21 Aug, 05:07 — 21 Aug, 05:07

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investing-com3d ago

Alibaba shares fall after 75% profit plunge as AI spending weighs on earnings

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First report: investing-com · 21 Aug, 05:07|Full coverage: 2 · 1h|Window: 1h

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investing-com21 Aug, 05:07First to report

Alibaba shares fall after 75% profit plunge as AI spending weighs on earnings

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caixin-global21 Aug, 06:23Latest update

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Alibaba's Profit Plunges Amid E-Commerce Struggles and AI Investment

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Alibaba shares fall after 75% profit plunge as AI spending weighs on earnings

Coverage Timeline

Alibaba shares fall after 75% profit plunge as AI spending weighs on earnings

Alibaba’s Profit Plunges as E-Commerce Business Falters, AI Investment Jumps - Caixin Global

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