{"id":1030373,"date":"2026-08-21T10:48:08","date_gmt":"2026-08-21T05:18:08","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1030373"},"modified":"2026-08-21T10:48:08","modified_gmt":"2026-08-21T05:18:08","slug":"alibabas-profit-dives-75-after-amping-up-ai-spending-shares-fell-3","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/21\/alibabas-profit-dives-75-after-amping-up-ai-spending-shares-fell-3\/","title":{"rendered":"Alibaba\u2019s profit dives 75% after amping up AI spending, shares fell 3%"},"content":{"rendered":"<p>Alibaba Group Holding Ltd.\u2019s profit plunged more than 75% after China\u2019s e-commerce leader ratcheted up AI spending while grappling with a broad Chinese consumption slowdown. Alibaba\u2019s US-listed shares fell 4% in premarket trading on Thursday before trimming some of the losses, with the stock last down 3.1%.<\/p>\n<p>The online retail giant-turned-AI lab reported a 9% jump in revenue, in line with estimates and reflecting torrid growth in demand for the computing capacity its cloud division provides.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alibaba Group Holding Ltd.\u2019s profit plunged more than 75% after China\u2019s e-commerce leader ratcheted up AI spending while grappling with a broad Chinese consumption slowdown. Alibaba\u2019s US-listed shares fell 4% in premarket trading on Thursday before trimming some of the losses, with the stock last down 3.1%. The online retail giant-turned-AI lab reported a 9% jump in revenue, in line with estimates and reflecting torrid growth in demand for the computing capacity its cloud division provides.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-1030373","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1030373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1030373"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1030373\/revisions"}],"predecessor-version":[{"id":1030374,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1030373\/revisions\/1030374"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1030373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1030373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1030373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}