Overview
- Financial Times cited a White House national-security memo alleging Alibaba provided technological support for PLA operations against U.S. targets.
- The memo reportedly contains declassified top-secret intelligence describing capabilities the White House views as threats to U.S. security.
- The published report did not specify the capabilities or any planned U.S. response, leaving key details unverified.
- Alibaba called the allegations "completely false" and questioned the motive behind what it described as an anonymous, unverified leak.
- U.S.-listed Alibaba shares fell about 4.2% after the report, and the Chinese embassy in Washington did not immediately comment.