Thursday, 13 April, 2023

After China data probe report, Alibaba shares drop for the first time in a month

<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&#39;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>