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Alibaba Shares Drop 4.73% Amid Military Collaboration Allegations

11/18/2025

Summary

Story summary

Alibaba Group Holding Limited (NASDAQ:BABA) shares fell 4.73% to $152.31 after a report alleging collaboration with the Chinese military to target the U.S.
The Financial Times cited a White House memo claiming Alibaba provided access to customer data.
Alibaba Group Holding Limited denied the allegations, saying they were intended to harm its reputation.
The stock has risen 79.9% year-to-date.
Analysts caution as it approaches support at $130.06 and resistance at $170.55.

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Story summary

Alibaba Group Holding Limited (NASDAQ:BABA) shares fell 4.73% to $152.31 after a report alleging collaboration with the Chinese military to target the U.S.
The Financial Times cited a White House memo claiming Alibaba provided access to customer data.
Alibaba Group Holding Limited denied the allegations, saying they were intended to harm its reputation.
The stock has risen 79.9% year-to-date.
Analysts caution as it approaches support at $130.06 and resistance at $170.55.