Alibaba (09988.HK) reported capex of RMB67.678 billion (US$9.975 billion) for the quarter ended June 30, 2026, a 75% YoY increase from RMB38.676 billion. The company said the rise reflects continued investment in AI infrastructure to meet strong, gro

2026-08-20

Alibaba (09988.HK) reported capex of RMB67.678 billion (US$9.975 billion) for the quarter ended June 30, 2026, a 75% YoY increase from RMB38.676 billion. The company said the rise reflects continued investment in AI infrastructure to meet strong, growing customer demand, driven by procurement-cycle volatility, expected customer adoption of AI agents boosting CPU compute needs, and higher chip-component costs.