• Alibaba Group is facing accusations from Anthropic of illicitly accessing its AI model, reportedly causing significant downward pressure on its stock, which hit a 16-month low in Hong Kong.
  • Separately, investors are also digesting Alibaba’s recent lawsuit against the U.S. Department of Defense to be removed from a classification as a Chinese military-linked company.
  • The company is actively contesting the Pentagon’s 1260H blacklist designation in U.S. federal court, seeking to mitigate regulatory and reputational risks.