{
  "id": 2112642,
  "title": "Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending",
  "url": "https://urgent.news/2026/08/20/alibabas-ai-cloud-growth-surge-drives-earnings-despite-soaring-tech",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T10:16:24.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/tech/big-tech/article/3364705/alibabas-ai-cloud-growth-surge-drives-earnings-despite-soaring-tech-spending"
  },
  "original_language": "en",
  "account": null,
  "summary": "Alibaba Group Holding reported a 45% revenue growth for its cloud and artificial intelligence division in the June quarter, leading to adjusted profit surpassing expectations. The AI Cloud and Compute Services segment, covering the company's cloud business and T-Head chip arm, saw its fastest growth rate in 22 quarters, with revenue reaching 48.4 billion yuan. This segment's AI-related product revenue experienced triple-digit growth for the 12th consecutive quarter, reaching 12.4 billion yuan. Despite a surge in capital expenditure by 75% to 67.7 billion yuan, Alibaba's total revenue increased by 9% year on year to 269 billion yuan, slightly higher than the 3% growth seen in the previous quarter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SCMP Tech",
        "title": "Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending",
        "url": "https://urgent.news/2026/08/20/alibabas-ai-cloud-growth-surge-drives-earnings-despite-soaring-tech-2112702",
        "published": "2026-08-20T10:16:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}