Alibaba's stock fell 4% following reports that Beijing regulators are investigating AI startups DeepSeek and Moonshot AI over data security issues. Although Alibaba itself is not named, the probe has raised investor fears about potential regulatory scrutiny spreading to Alibaba's AI model segment, which had recently boosted its stock. This comes after Alibaba's Apsara conference announcements about new AI chips and global cloud expansion, which initially lifted its shares. Investors are now cautious, watching for further regulatory developments and the impact on Alibaba's growth plans in AI and cloud computing.
Alibaba shares are down 3.92% at USD 111.71 on Pluang as of Sep 23, 2026 20:41 WIB, reflecting cautious investor sentiment. Baidu's stock also eased by 2.74% to USD 89.90, with heavy selling activity at 99% of orders on Pluang. These moves come amid broader concerns about regulatory scrutiny in the AI sector, impacting major Chinese tech stocks on the platform.
Shopify has teamed up with Meta to allow its AI assistant Muse to make purchases through Shop Pay, following Amazon's decision to block Muse from its platform. Muse, launched by Meta, helps users find products and complete online purchases. Amazon bl...
Alibaba unveiled the Zhenwu V900, China's most powerful AI chip, offering triple the performance of its predecessor. The company plans to expand Alibaba Cloud's data center capacity to over 20 gigawatts by 2032 to meet soaring AI demand. Alibaba is a...
Alibaba's stock rose 4% following the launch of its Zhenwu V900 AI chip, which claims to triple the performance of its previous chip and aims to fill the void left by NVIDIA due to U.S. export restrictions in China. The chip, designed by Alibaba's se...
Alibaba announced its new AI chip, the Zhenwu V900, which offers three times the performance of its predecessor, and plans to expand its global data center capacity to over 20 gigawatts by 2032. This move aims to strengthen Alibaba Cloud's position i...
