GlobeVerge
BUSINESS
Alibaba shares fall 3% as AI spending drives 75% drop in net income
GlobeVerge has tracked this story since 3h ago.
Alibaba's U.S. listed shares were volatile in premarket trading after posting a 75% drop in net income in the June quarter.
Read more on CNBC
More in Finance
- India-EU trade pact signing likely this year
- 2 locations, 3 weapons, 3 deaths: Chilling sequence of Lucknow double murder-suicide baffles cops
- India Must More Than Double Exports To $2 Trillion By FY31: Commerce Ministry
- Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say