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Alibaba Shares Drop 3.6% Amid Military Aid Allegations

11/15/2025

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Summary

Story summary

Alibaba Group Holding Ltd (Alibaba) shares fell 3.6% after a leaked White House memo accused it of aiding the Chinese military.
The memo, based on classified intelligence, did not specify the technologies involved.
Alibaba denied the claims and questioned the leak's motive as undermining U.S.-China relations.
Alibaba's stock has risen 83.2% this year, while the Chinese embassy rejected the accusations as groundless and U.S.-China relations improve after a summit.

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Story summary

Alibaba Group Holding Ltd (Alibaba) shares fell 3.6% after a leaked White House memo accused it of aiding the Chinese military.
The memo, based on classified intelligence, did not specify the technologies involved.
Alibaba denied the claims and questioned the leak's motive as undermining U.S.-China relations.
Alibaba's stock has risen 83.2% this year, while the Chinese embassy rejected the accusations as groundless and U.S.-China relations improve after a summit.