🔴 Alibaba Group is trading 3.17% down today after net income fell 75%

Alibaba Group is trading at HK$122.20 (-3.17%) after net income fell 75% as AI infrastructure investment surged.

• Revenue grew 9% to RMB268.95 billion.
• Capital expenditure rose 75% to RMB67.68 billion, while AI Cloud and Compute Services revenue increased 45%.
• Earnings-driven margin and profit pressure provides a clear explanation for the August 21, 2026 decline despite strong AI-related revenue growth.