{
  "id": 2112702,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T10:16:24.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "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% growth in revenue for its cloud and artificial intelligence division in the June quarter, driving adjusted profit to 27.3 billion yuan (US$4 billion). The AI Cloud and Compute Services segment, responsible for the company's cloud business and T-Head chip arm, recorded 48.4 billion yuan in revenue, marking its fastest growth pace in 22 quarters. AI-related product revenue maintained triple-digit growth for the 12th consecutive quarter, reaching 12.4 billion yuan, up from 8.97 billion yuan in the previous quarter. Despite a 30% year-on-year drop in adjusted Ebitda to 27.3 billion yuan and a surge in capital expenditure by 75% to 67.7 billion yuan, Alibaba's total revenue increased 9% year on year to 269 billion yuan.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SCMP Business",
        "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",
        "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."
}