Alibaba

Cathie Wood and ARK Invest added $7 million to SpaceX stock, marking the third time they've bought the dip since its IPO, while selling Alibaba shares to free up cash. ARK believes SpaceX could reach a $3.1 trillion enterprise value by 2030, driven by AI, data centers, and aerospace.

China's National Vulnerability Database warned of a 'security backdoor' in Anthropic's AI coding tool, Claude Code, which could transmit sensitive user data to Anthropic's servers without consent. Anthropic's tool is blocked in China but accessible via workarounds, and Alibaba has banned its use due to security concerns. An Anthropic engineer acknowledged tracking data to prevent unauthorized use but stated mitigations are being rolled back.

AI distillation, a technique where models are trained using outputs from other AI systems, is becoming a competitive tool that threatens the profitability of major AI companies. US firms like Anthropic, OpenAI, and Google warn that rivals, including Chinese companies like Alibaba and Z.ai, may use distillation to replicate their models cheaply, undermining investments in data and computing power.

Alibaba experienced its best single share-price gain in 10 months as the broader Chinese tech sector rose following a period of underperformance compared to U.S., Korean, and Taiwanese companies.

DeepSeek is developing its own AI chip to reduce reliance on Nvidia and Huawei, aiming to reshape China’s semiconductor industry. This move aligns with Chinese tech companies’ efforts to design in-house AI chips amid US export controls eroding Nvidia’s market share and Huawei’s growing dominance.

A U.S. Congressional committee has asked the owner of Washington’s NBA and NHL teams to cut ties with Alibaba, citing the Pentagon’s designation of the company as a Chinese military entity. The letter from Rep. John Moolenaar included a July 15 deadline and referenced Alibaba’s ongoing legal challenge against the Pentagon’s decision. The committee has previously scrutinized sports-related ties to Chinese companies, including Alibaba’s Olympic sponsorships.

Chinese authorities are considering restrictions on overseas access to China's most advanced AI models. Meetings with Alibaba, ByteDance, and Z.ai have been held to discuss curbing foreign access to frontier models.

A US federal judge granted Alibaba a temporary reprieve to resume lobbying in the US, ordering the Pentagon to stop treating Alibaba as a Chinese military company until she reviews the constitutionality of a US law. The decision occurs amid heightened tensions between US AI firms and Chinese competitors over technology theft allegations.

ByteDance and Alibaba are removing agent features from their apps due to China's new regulations targeting humanlike AI. Beijing's first rules on emotional AI require major apps to shut down custom agents.

Alibaba has banned Anthropic's Claude Code, placing it on a high-risk software list due to an alleged 'distillation attack' accusation.

ByteDance and Alibaba are disabling AI companion features ahead of new China rules effective July 15, which target emotional dependence and harmful content for minors.

A judge ruled that the Pentagon must grant Alibaba a reprieve regarding its inclusion on a Chinese military list. The decision temporarily halts the enforcement of the ban against Alibaba.

Alibaba has banned staff from using Anthropic's Claude Code after it flagged users connecting from China. Anthropic, which aims to prevent Chinese firms from using Claude, accuses Alibaba of using 25,000 fake accounts to train its own models through 'distillation' campaigns.

Alibaba has reportedly banned employees from using Claude Code and classified it as high-risk software.

Alibaba will pay $600 million to the U.S. government to resolve allegations of selling and importing illegal pharmaceuticals, controlled substances, and regulated chemicals. The dispute involves claims that the Hangzhou-based tech firm engaged in unauthorized pharmaceutical sales in the U.S.

Alibaba is set to ban the use of Claude Code in its workplace due to alleged backdoor risks, according to a source. The decision comes amid concerns over potential security vulnerabilities associated with the AI tool.

Alibaba has agreed to pay $600 million to resolve a U.S. Department of Justice investigation into illegal drug sales. The company and its U.S.-based payment processor admitted to approximately 80,000 unlawful product sales over nearly a decade.

Alibaba will pay $600 million to settle allegations of illegal drug sales in a U.S. probe. The company admitted it failed to prevent 80,000 illegal drug product sales, as reported by the U.S. Justice Department.

Ant Group, affiliated with Alibaba, led a 500 million yuan funding round in humanoid robotics company Zeroth. The company announced this move as part of its rapid expansion into humanoid robots through a dozen deals over 18 months.

Alibaba Group will pay US$600 million to settle a US Department of Justice investigation into illegal product sales, including pharmaceuticals and controlled substances. The settlement resolves the case through non-prosecution agreements, marking one of the largest criminal resolutions involving a Chinese technology company.

Alibaba will pay $600 million to the U.S. government to settle allegations that its platforms allowed the sale and import of illegal pharmaceuticals, controlled substances, and related equipment between 2016 and 2024. The settlement resolves claims that Alibaba’s U.S. payment processor failed to prevent unlawful transactions, leading to a non-prosecution agreement with the Justice Department.

Alibaba will pay $600 million to the U.S. government to settle allegations that its platforms facilitated the sale and import of illegal pharmaceuticals, controlled substances, and equipment. The company acknowledged failing to prevent approximately 80,000 unlawful imports between 2016 and 2024 through its payment processor, AUS Merchant Services.

The article highlights seven key news stories on US-China relations, including Alibaba's lawsuit against the Pentagon, a rare earth truce being tested, and developments regarding Taiwan arms. Analysts note the Trump-Xi summit resulted in weak outcomes with poor transparency and missed opportunities.

Chinese air-conditioning manufacturers and e-commerce platforms are benefiting from Europe's heatwaves, with significant sales increases in countries like Germany, Italy, and France. Exports of portable air conditioners to Western Europe surged 70% in the first five months of 2026, and Chinese companies are prominent at a Munich solar and energy storage exhibition despite European efforts to reduce reliance on Chinese clean-energy hardware.

A heatwave in Europe has driven a surge in sales of Chinese home appliances, with Alibaba reporting triple-digit growth for air conditioners and fans on AliExpress. A 2.35-kilowatt Midea air conditioner model sold out in Germany within days of its June launch.

Anthropic alleges Alibaba used fake accounts to distill its AI capabilities, potentially undermining Anthropic’s competitive edge and IPO prospects. U.S. policymakers are considering updated export controls to address such 'distillation attacks,' with Rep. Michael Lawler’s Remote Access Security Act aiming to restrict foreign access to sensitive AI technology via cloud services.

South Korean convenience store chain CU, operated by BGF Retail, is cautiously entering the Chinese market through a limited online trial on Alibaba's Tmall platform, selling 11 products via partner Ningshing Ubay. This 'online first' strategy contrasts with other multinational brands that prioritize physical outlets.

Anthropic accuses Alibaba of using 'distillation attacks' to illicitly extract capabilities from its Claude AI model through 29 million fraudulent account interactions. The company urged US Congress to impose penalties on firms involved in such activities and highlighted concerns about US AI technology theft.

Anthropic accused Alibaba of using 25,000 fake accounts to steal its AI capabilities, claiming Alibaba conducted nearly 29 million exchanges with its Claude models through fraudulent accounts. The allegations were presented to U.S. senators.

Anthropic accused Alibaba of illicitly accessing its Claude AI model through fake accounts to perform 'distillation attacks' for training Alibaba models. Alibaba is suing the Pentagon to be removed from a blacklist of firms allegedly linked to the PLA, amid U.S. efforts to reduce reliance on Chinese tech supply chains under the 'Pax Silica' initiative.

Anthropic accused Alibaba of conducting large-scale distillation attacks to extract its AI model capabilities using 25,000 fraudulent accounts. The company called for stronger legislation against such attacks and cited Alibaba's efforts to replicate US AI advancements without incurring training costs.

Alibaba's stock fell to a 16-month low following accusations from Anthropic related to AI. The decline was attributed to the AI-related allegations against Alibaba.

Anthropic accuses Alibaba of using fraudulent accounts to extract capabilities from its Claude AI model. The firm claims Chinese rival Alibaba illicitly accessed data from the AI system.

Anthropic accuses Alibaba of illegally accessing their AI model. The claim highlights concerns over unauthorized use of artificial intelligence technologies.

Anthropic accuses Alibaba of conducting a distillation attack to extract AI capabilities, as detailed in a letter obtained by CNBC. The letter describes the attack as the largest known on Anthropic.

Alibaba sued the US Defense Department on June 23 to remove itself from a Chinese-military blacklist under Section 1260H, which now includes 188 firms. The Pentagon faces a June 30 deadline to stop purchasing goods or services from listed companies.

Alibaba has filed a lawsuit against the U.S. Department of Defense to be removed from a list that designates it as a Chinese military company. The company seeks to challenge the designation through legal action.

Japan's stock market declined for the second consecutive day, influenced by waning chip stocks and cues from Korea. Alibaba filed a lawsuit against the Pentagon.

Alibaba is suing the Pentagon to be removed from a Chinese military blacklist, arguing the designation is 'arbitrary and capricious.' The company claims the label has caused it to lose business partners.

Chinese tech giant Alibaba has filed a federal lawsuit against the Defense Department for designating it a military-linked firm.