Fri, Aug 21 05:42 AM

Alibaba shares fall 4% as AI spending drives 75% drop in net income

CNBC•Thu, Aug 20, 2026, 10:04 AM•2 min read

Developing story — details emerging. Check the source link for the latest updates.

Source: [CNBC](https://www.cnbc.com/2026/08/20/alibaba-cloud-revenue.html)

📰 Read Full Story

This is an aggregated headline summary. For the complete report, visit the original publisher.

Continue Reading at CNBC ↗

#finance #alibaba #shares #fall #spending #drives #drop #net #income

More Headlines

FinanceSeeking Alpha• 7m ago

Columbia Small Cap Value And Inflection Fund Q2 2026 Commentary

Developing story — details emerging. Check the source link for the latest updates.

FinanceInvesting.com• 11m ago

CoreWeave CEO Michael Intrator sells $29.5m in stock

Developing story — details emerging. Check the source link for the latest updates.

FinanceInvesting.com• 11m ago

Arthur J. Gallagher VP Mead sells $899k in company stock

Developing story — details emerging. Check the source link for the latest updates.

FinanceSeeking Alpha• 12m ago

Will AI Become The Great Equaliser?

Developing story — details emerging. Check the source link for the latest updates.

FinanceBloomberg Markets• 13m ago

Monte Paschi Offers to Buy BPM, Banca Generali for €34 Billion

Banca Monte dei Paschi di Siena SpA is seeking to buy two separate banks for a combined value of €34 billion ($40 billion) as it seeks to prevent being bought by rival Intesa Sanpaolo SpA.

FinanceInvesting.com• 14m ago

Bessent says U.S. to impose ‘toughest sanctions in history’ on Iran

Developing story — details emerging. Check the source link for the latest updates.