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Alibaba Group's Q2 profit shrank 75% to $1.55 billion, missing estimates due to massive AI investments
svmuu.com20/08/2026 07:00
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The Chinese conglomerate's profit for the April-June quarter was 10.44 billion yuan ($1.55 billion). Its capital expenditure surged 75% year-on-year as it braces for agent demand and faces higher chip costs.
Source：Nikkei Asia · Source Link
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