Alibaba Shares Drop After Anthropic AI Accusations
Originally published Jun 25, 2026
By Jeanny Yu · Bloomberg — Technology
AI-generated summary based on Bloomberg — Technology · Aggregated by OffScreenSpace · Human-reviewed and approved on Jun 25, 2026
Key points
- Alibaba shares hit a 16-month low in Hong Kong.
- Anthropic PBC accused Alibaba of illicitly accessing its AI model.
- The allegations led to a significant drop in Alibaba's stock price.
Alibaba Group Holding Ltd. shares fell to a 16-month low in Hong Kong following accusations from Anthropic PBC. The U.S. artificial intelligence firm alleged that Alibaba illicitly accessed its AI model. The claims prompted a sharp decline in Alibaba's stock price.
Read the original story: Bloomberg — Technology — by Jeanny Yu