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Alibaba Drops After Anthropic Accuses Firm of Accessing AI Model

Alibaba Drops After Anthropic Accuses Firm of Accessing AI Model
Bloomberg Markets Thursday 25 June 2026, 03:28 UTC By Jeanny Yu 1 min read
Key Points

Alibaba Slides to 16-Month Low After Anthropic’s AI Accusations Alibaba Group Holding Ltd. shares slid to a 16-month low in Hong Kong after Anthropic PBC accused the Chinese technology giant of “illicitly” accessing its artificial intelligence model. The company’s stock tumbled as much as 4.9%, extending this year’s decline to 33%. Other Chinese firms that develop large language models also fell, with Xiaomi Corp. and Baidu Inc. both dropping more than 3%.

Alibaba Slides to 16-Month Low After Anthropic’s AI Accusations Alibaba Group Holding Ltd. shares slid to a 16-month low in Hong Kong after Anthropic PBC accused the Chinese technology giant of “illicitly” accessing its artificial intelligence model. The company’s stock tumbled as much as 4.9%, extending this year’s decline to 33%. Other Chinese firms that develop large language models also fell, with Xiaomi Corp. and Baidu Inc. both dropping more than 3%.
Alibaba Drops (PERSON) Accessing AI Model Alibaba Slides (ORG) AI Accusations Alibaba Group Holding Ltd. (ORG) Hong Kong (LOCATION) PBC (ORG) Chinese (ORG) Xiaomi Corp. (ORG) Baidu Inc. (ORG)
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