Alibaba Shares Post Worst Drop in a Month After China Data Probe Report

Alibaba Shares Post Worst Drop in a Month After China Data Probe Report
3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken on Feb. 8, 2022. Dado Ruvic/Reuters
Reuters
Updated:

SHANGHAI—Shares in Alibaba Group fell the most in a month on Friday, after the Wall Street Journal reported that the Chinese tech giant’s cloud division has been summoned by Shanghai authorities in connection with a theft of police data.

An anonymous hacker had earlier this month claimed to have obtained personal information of more than 1 billion Chinese residents from the Shanghai police.