Decoding AI in the Central Valley

Alibaba profit drops 75% as AI spending climbs in June quarter

Alibaba’s April–June net profit fell to 10.5 billion yuan as the company accelerated AI infrastructure investment. Central Valley importers watch for potential fee moves.

Ten point five billion yuan. That is Alibaba’s April–June net profit, a 75% drop from the prior year as the company shifted more cash into data center buildout, model training, and other AI infrastructure that it says will pay off over time. For Central Valley readers who buy packaging, components, or private‑label inventory through Alibaba.com,...