BABA's Free Cash Flow Turns Negative: Can Heavy Spending Pay Off?
Alibaba‘s BABA first-quarter fiscal 2026 free cash flow turned negative at RMB 18.8 billion compared with a positive RMB 17.4 billion inflow a year ago. The reversal was largely due to a sharp rise in capital expenditures, which reached RMB 38.7 billion. The bulk of this spending has gone toward building AI and cloud infrastructure ...











