A White House national security memo alleges that Alibaba (BABA) has provided the Chinese military with technology support targeting U.S. interests, including access to customer data and AI-related services, The Financial Times’ Demetri Sevastopulo reports. The memo claims employees shared knowledge of “zero-day” software vulnerabilities with the People’s Liberation Army, raising broader U.S. concerns about Chinese cloud and AI capabilities. Alibaba said that “The claims purportedly based on US intelligence that was leaked by your source are complete nonsense. This is plainly an attempt to manipulate public opinion and malign Alibaba.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Alibaba Explores Bank-Backed Deposit Token as China Tightens Grip on Stablecoins
- GOOGL, NVDA, TSLA: Cathie Wood’s ARK Invest Loads Up on Mag 7 Stocks in Q3
- Chinese ‘Killer Apps’ Set to Defeat Trump’s Chip Controls and Keep AI Booming
- AI Analyst Downgrades Alibaba Stock (BABA) to Hold and Trims Price Target Despite Wall Street Optimism
- Appaloosa takes new stake in AMD, exits positions in Intel and Oracle
