Alibaba HK shares fall after report of Chinese data-leak probe
BABA•Other Hong Kong tech stocks also weaken
Zhipu 2513.HK dropped 7.1%, MiniMax 0100.HK fell 4.5%, while SenseTime 0020.HK and Xiaomi 1810.HK were down about 2.5% each.
The Hong Kong TECH Index .HSTECH was down 1%.
Hong Kong shares fall on data-leak probe report
Hong Kong shares of Alibaba 9988.HK fell 4.2% to HK$110.
The stock was on course for its biggest one-day percentage decline since August 24 and to snap a three-session winning run.
The Information report names several Chinese AI and tech firms
China is probing Deepseek and Moonshot over potential data leaks to Anthropic and has summoned representatives of Alibaba, Zhipu 2513.HK, SenseTime 0020.HK, MiniMax 0100.HK and Xiaomi 1810.HK for questioning, The Information reported.
Sensitive Chinese state, police and military data were routed to U.S. models, The Information said.
Reuters could not verify the report. The companies did not respond to requests for comment.
