TechMeme June 25, 2026
Alibaba falls ~5% in Hong Kong after Anthropic accused it of "illicitly" accessing its AI models, taking its YTD fall to 33%; Xiaomi and Baidu fell 3%+ (Jeanny Yu/Bloomberg)
Alibaba's shares fell 5% in Hong Kong. Anthropic accused Alibaba of accessing its AI models illicitly. Alibaba's year-to-date fall is 33%.