Alibaba

The Trump administration's American AI Exports Program, aimed at promoting U.S. AI technology globally, received only 78 applications in its first round, far below officials' expectations. Industry skepticism about government incentives and concerns over restrictive policies, such as forcing Anthropic to limit foreign access to its models, have undermined the initiative's effectiveness as China's AI firms gain traction in developing markets.

China accuses the United States of misusing national power by blacklisting over 60 Chinese companies, including Alibaba, Baidu, and BYD, as 'Chinese military companies operating in the United States.' China claims Washington has disregarded the consensus between President Donald Trump and Chinese leader Xi Jinping. In response, China announced export controls against leading US companies.

SK Hynix's ADR sale is the second-biggest U.S. stock offering ever and the largest by a non-U.S. company, surpassing Alibaba's $25 billion raise in 2014. The South Korean memory chipmaker began trading today.

An unpatched vulnerability in XQUIC, Alibaba's QUIC and HTTP/3 library, allows remote clients to crash servers using standard QPACK traffic. The flaw, dubbed XRING by FoxIO researcher Sébastien Féry, requires no authentication or malformed packets and remains unaddressed.

SK Hynix raised $26.5 billion through its Nasdaq debut, becoming the largest foreign listing in U.S. history. The South Korean memory chipmaker priced 177.9 million ADRs at $149 each, surpassing Alibaba's 2014 U.S. offering.

China has eased a boycott of higher-end Nvidia processors, allowing companies like Alibaba, ByteDance, and DeepSeek to purchase H200 chips. The move aims to balance concerns over AI developer chip shortages against the risk of over-reliance on U.S. technology.

South Korean chip giant SK Hynix raised $26.5 billion in a record-breaking US IPO, surpassing Alibaba's 2014 IPO as the largest debut by a foreign firm in the US.

OpenAI and Google sold AI models to blacklisted China groups. US groups have been supplying AI services to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent.

Alibaba and its U.S. payment processing company failed for eight years to stop the sale of dangerous drugs, chemicals, and pill presses to American customers, despite employee warnings about compliance issues. Public records reveal the companies knowingly allowed these hazardous products to be sold.

Singapore’s sovereign wealth fund Temasek plans to increase its AI investments from 6% to 15% of its portfolio by 2031, targeting sectors like energy, semiconductors, cloud services, and AI applications. The fund will also expand infrastructure investments and integrate AI internally to enhance operations, citing past successes in tech investments such as OpenAI, Alibaba, and Tencent.

Cathie Wood and ARK Invest added $7 million to SpaceX stock, marking the third time they've bought the dip since its IPO, while selling Alibaba shares to free up cash. ARK believes SpaceX could reach a $3.1 trillion enterprise value by 2030, driven by AI, data centers, and aerospace.

China's National Vulnerability Database warned of a 'security backdoor' in Anthropic's AI coding tool, Claude Code, which could transmit sensitive user data to Anthropic's servers without consent. Anthropic's tool is blocked in China but accessible via workarounds, and Alibaba has banned its use due to security concerns. An Anthropic engineer acknowledged tracking data to prevent unauthorized use but stated mitigations are being rolled back.

AI distillation, a technique where models are trained using outputs from other AI systems, is becoming a competitive tool that threatens the profitability of major AI companies. US firms like Anthropic, OpenAI, and Google warn that rivals, including Chinese companies like Alibaba and Z.ai, may use distillation to replicate their models cheaply, undermining investments in data and computing power.

Alibaba experienced its best single share-price gain in 10 months as the broader Chinese tech sector rose following a period of underperformance compared to U.S., Korean, and Taiwanese companies.

DeepSeek is developing its own AI chip to reduce reliance on Nvidia and Huawei, aiming to reshape China’s semiconductor industry. This move aligns with Chinese tech companies’ efforts to design in-house AI chips amid US export controls eroding Nvidia’s market share and Huawei’s growing dominance.

A U.S. Congressional committee has asked the owner of Washington’s NBA and NHL teams to cut ties with Alibaba, citing the Pentagon’s designation of the company as a Chinese military entity. The letter from Rep. John Moolenaar included a July 15 deadline and referenced Alibaba’s ongoing legal challenge against the Pentagon’s decision. The committee has previously scrutinized sports-related ties to Chinese companies, including Alibaba’s Olympic sponsorships.

Chinese authorities are considering restrictions on overseas access to China's most advanced AI models. Meetings with Alibaba, ByteDance, and Z.ai have been held to discuss curbing foreign access to frontier models.

A US federal judge granted Alibaba a temporary reprieve to resume lobbying in the US, ordering the Pentagon to stop treating Alibaba as a Chinese military company until she reviews the constitutionality of a US law. The decision occurs amid heightened tensions between US AI firms and Chinese competitors over technology theft allegations.

ByteDance and Alibaba are removing agent features from their apps due to China's new regulations targeting humanlike AI. Beijing's first rules on emotional AI require major apps to shut down custom agents.

Alibaba has banned Anthropic's Claude Code, placing it on a high-risk software list due to an alleged 'distillation attack' accusation.

ByteDance and Alibaba are disabling AI companion features ahead of new China rules effective July 15, which target emotional dependence and harmful content for minors.

A judge ruled that the Pentagon must grant Alibaba a reprieve regarding its inclusion on a Chinese military list. The decision temporarily halts the enforcement of the ban against Alibaba.

Alibaba has banned staff from using Anthropic's Claude Code after it flagged users connecting from China. Anthropic, which aims to prevent Chinese firms from using Claude, accuses Alibaba of using 25,000 fake accounts to train its own models through 'distillation' campaigns.

Alibaba has reportedly banned employees from using Claude Code and classified it as high-risk software.

Alibaba will pay $600 million to the U.S. government to resolve allegations of selling and importing illegal pharmaceuticals, controlled substances, and regulated chemicals. The dispute involves claims that the Hangzhou-based tech firm engaged in unauthorized pharmaceutical sales in the U.S.

Alibaba is set to ban the use of Claude Code in its workplace due to alleged backdoor risks, according to a source. The decision comes amid concerns over potential security vulnerabilities associated with the AI tool.

Alibaba has agreed to pay $600 million to resolve a U.S. Department of Justice investigation into illegal drug sales. The company and its U.S.-based payment processor admitted to approximately 80,000 unlawful product sales over nearly a decade.

Alibaba will pay $600 million to settle allegations of illegal drug sales in a U.S. probe. The company admitted it failed to prevent 80,000 illegal drug product sales, as reported by the U.S. Justice Department.

Ant Group, affiliated with Alibaba, led a 500 million yuan funding round in humanoid robotics company Zeroth. The company announced this move as part of its rapid expansion into humanoid robots through a dozen deals over 18 months.

Alibaba Group will pay US$600 million to settle a US Department of Justice investigation into illegal product sales, including pharmaceuticals and controlled substances. The settlement resolves the case through non-prosecution agreements, marking one of the largest criminal resolutions involving a Chinese technology company.

Alibaba will pay $600 million to the U.S. government to settle allegations that its platforms allowed the sale and import of illegal pharmaceuticals, controlled substances, and related equipment between 2016 and 2024. The settlement resolves claims that Alibaba’s U.S. payment processor failed to prevent unlawful transactions, leading to a non-prosecution agreement with the Justice Department.

Alibaba will pay $600 million to the U.S. government to settle allegations that its platforms facilitated the sale and import of illegal pharmaceuticals, controlled substances, and equipment. The company acknowledged failing to prevent approximately 80,000 unlawful imports between 2016 and 2024 through its payment processor, AUS Merchant Services.

The article highlights seven key news stories on US-China relations, including Alibaba's lawsuit against the Pentagon, a rare earth truce being tested, and developments regarding Taiwan arms. Analysts note the Trump-Xi summit resulted in weak outcomes with poor transparency and missed opportunities.

Chinese air-conditioning manufacturers and e-commerce platforms are benefiting from Europe's heatwaves, with significant sales increases in countries like Germany, Italy, and France. Exports of portable air conditioners to Western Europe surged 70% in the first five months of 2026, and Chinese companies are prominent at a Munich solar and energy storage exhibition despite European efforts to reduce reliance on Chinese clean-energy hardware.

A heatwave in Europe has driven a surge in sales of Chinese home appliances, with Alibaba reporting triple-digit growth for air conditioners and fans on AliExpress. A 2.35-kilowatt Midea air conditioner model sold out in Germany within days of its June launch.

Anthropic alleges Alibaba used fake accounts to distill its AI capabilities, potentially undermining Anthropic’s competitive edge and IPO prospects. U.S. policymakers are considering updated export controls to address such 'distillation attacks,' with Rep. Michael Lawler’s Remote Access Security Act aiming to restrict foreign access to sensitive AI technology via cloud services.

South Korean convenience store chain CU, operated by BGF Retail, is cautiously entering the Chinese market through a limited online trial on Alibaba's Tmall platform, selling 11 products via partner Ningshing Ubay. This 'online first' strategy contrasts with other multinational brands that prioritize physical outlets.

Anthropic accuses Alibaba of using 'distillation attacks' to illicitly extract capabilities from its Claude AI model through 29 million fraudulent account interactions. The company urged US Congress to impose penalties on firms involved in such activities and highlighted concerns about US AI technology theft.

Anthropic accused Alibaba of using 25,000 fake accounts to steal its AI capabilities, claiming Alibaba conducted nearly 29 million exchanges with its Claude models through fraudulent accounts. The allegations were presented to U.S. senators.

Anthropic accused Alibaba of illicitly accessing its Claude AI model through fake accounts to perform 'distillation attacks' for training Alibaba models. Alibaba is suing the Pentagon to be removed from a blacklist of firms allegedly linked to the PLA, amid U.S. efforts to reduce reliance on Chinese tech supply chains under the 'Pax Silica' initiative.