Alibaba falls on the stock exchange, fears Beijing data leak investigation

Sumary of Alibaba falls on the stock exchange, fears Beijing data leak investigation:

  • Alibaba falls on the stock market, fears Beijing data leak investigation – EFE An unidentified hacker last week claimed to have personal information on more than 1 billion Chinese citizens, files that were allegedly held by Shanghai police.
  • The Wall Street Journal, which cites cybersecurity investigators, the database had been left openly accessible on the Internet
  • The WSJ article adds, citing sources close to the case, that Shanghai authorities have summoned executives from the cyber giant’s cloud division.
  • Online retail trade in connection with Lost 15.5% of its value for the whole week, its worst weekly performance since going public in November 2019.

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