Thursday, 19 March, 2026
After China data probe report, Alibaba shares drop for the first time in a month
By Basit Ansari
<p>Shares of Alibaba Group Holdings Ltd 9988.HK dropped 5.7% on Friday after the Wall Street Journal reported that Shanghai authorities had summoned the Chinese tech giant's cloud subsidiary in relation to a theft of police data. Earlier this month, a hacker who wished to remain anonymous claimed to have gotten from the Shanghai police the personal data of more than 1 billion Chinese citizens.</p>
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