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Alibaba's quarterly revenue up 9%, misses adjusted profit due to AI spend

Alibaba's capital expenditure rose 75% to 67.68 billion yuan in the quarter ‌ended June 30, as it continued to invest in AI infrastructure.

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Business StandardCenter·1h ago
Alibaba's quarterly revenue up 9%, misses adjusted profit due to AI spend
Alibaba's capital expenditure rose 75% to 67.68 billion yuan in the quarter ‌ended June 30, as it continued to invest in AI infrastructure.
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