[BIG TECH]■ STORY TIMELINE
ALIBABA PROFIT PLUNGES 75% ON AI SPENDING SURGE
Alibaba Group's profit dropped more than 75% as the Chinese e-commerce giant increased artificial intelligence investments amid weakening domestic consumption. The sharp decline reflects intensifying pressure on China's tech sector.
Bloomberg Tech+0m
Alibaba Group Holding Ltd.’s profit plunged more than 75% after China’s e-commerce leader ratcheted up AI spending while…