Alibaba stock reportedly fell after earnings as profit dropped 76% and capex rose 75%

Tech in Asia reported, via an X post linking to its coverage, that Alibaba’s profit fell 76%, its capex rose 75%, and its stock dropped after earnings. The same post argued that investors may be overlooking what Alibaba is building beneath those results, including chips, cloud, AI models, and consumer and enterprise apps. The inspected capture of the linked Tech in Asia page did not include the article text, showing only site navigation and footer content.