Alibaba’s (BABA) AI Bet Crushes Profit While Cloud Revenue Soars
Reported by Yahoo Finance · finance.yahoo.com · August 21, 2026
On August 20, Alibaba Group (NYSE:BABA) reported that quarterly net profit had fallen 75% from a year earlier, even as revenue for the April to June period climbed 9%. The headline number looks alarming on its own. But dig into where the money actually went and a different pictur
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What to watch: This report cites a concrete figure (75%) — compare it against the trailing trend before treating one data point as a turning point.
Market reaction today: $BABA -0.73%
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