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Alibaba is raising $10 billion to fund aggressive AI infrastructure expansion despite a 75% plunge in quarterly profits driven by macroeconomic headwinds.
The capital injection ensures continued dominance in China’s domestic cloud and accelerator ecosystem, signaling that major tech conglomerates will prioritize compute sovereignty over near-term profitability.
Trade pressSlicast · August 23, 2026 at 14:54 UTC · US · Source: NDTV Profit
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