Alibaba Group News - August 20, 2026
Alibaba's first quarter 2026 cloud revenue surges 45% amid heavy infrastructure spending
Alibaba Group reported first quarter 2026 revenue of $39.64 billion, slightly ahead of analyst expectations, though non-GAAP diluted earnings per ADS of $1.26...
🔴 Alibaba Group is trading 4.3% down today after fiscal first-quarter profit plunged 76%
Alibaba Group is trading 4.3% down now at $123.39 after fiscal first-quarter profit plunged 76% to 10.54 billion yuan, overshadowing stronger revenue and cloud...
Alibaba Profit Plunges 76% as AI Infrastructure Spending Surges
Alibaba Group reported first-quarter revenue of 268.95 billion yuan (~$40 billion), a 9% year-over-year increase. These results met analyst estimates. Cloud...
🔴 Alibaba Group is trading 3.5% down in pre-market as investors await June-quarter earnings
Alibaba Group is trading at $124.38 (-3.51%) as investors position cautiously ahead of the June-quarter earnings release scheduled before the U.S. market opens...