Alibaba shares slide as AI deal with Apple faces US scrutiny

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Shares of Alibaba Group Holding Ltd. slumped after a report that the Trump administration has raised concerns over Apple Inc.’s potential deal with the Chinese technology firm.

Alibaba’s stock dropped as much as 4.8% on Monday in Hong Kong, leading declines on the Hang Seng China Enterprises Index. The broader gauge was down 1.4% before paring its drop.

In recent months, the White House and congressional officials have been scrutinizing Apple’s plan to strike a deal with Alibaba to make the Chinese company’s AI available on iPhones in China,…



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Alibaba shares slide as AI deal with Apple faces US scrutiny


Shares of Alibaba Group Holding Ltd. slumped after a report that the Trump administration has raised concerns over Apple Inc.’s potential deal with the Chinese technology firm.

Alibaba’s stock dropped as much as 4.8% on Monday in Hong Kong, leading declines on the Hang Seng China Enterprises Index. The broader gauge was down 1.4% before paring its drop.

In recent months, the White House and congressional officials have been scrutinizing Apple’s plan to strike a deal with Alibaba to make the Chinese company’s AI available on iPhones in China,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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