According to CoinMeta, Alibaba (NYSE : BABA) quietly reduced its share repurchase scale by 80% in the June 2026 quarter in order to invest funds in artificial intelligence (AI) infrastructure. The company repurchased 13.4 million ordinary shares during that quarter, worth approximately $162 million, compared to 56 million shares repurchased during the same period last year, valued at about $815 million. At the same time, capital expenditures increased by 75% year-on-year, reaching 67.678 billion yuan. Alibaba's AI laboratories and application departments incurred a loss of 13.861 billion yuan after adjustments, which is a significant increase from 3.224 billion yuan during the same period last year. Management stated that AI hardware usually reaches break-even within three years, and it is expected that the supply of AI computing power in the industry will remain tight until 2030.