Alibaba Group Holding

Hong Kong's Hang Seng Index briefly slipped below 23,000 for the first time in a year, led by a 4.2% drop in Alibaba after Anthropic accused it of illicitly extracting AI capabilities. The decline ref…

Anthropic accused Alibaba of orchestrating a large-scale campaign to illicitly access its Claude AI model using thousands of fraudulent accounts, marking the biggest known attempt by a Chinese company…

Chinese AI developers are accelerating development of trillion-parameter foundation models to narrow the gap with US rivals, as Washington imposes export controls on leading US AI software. DeepSeek l…