On November 14, 2025, during market hours, Reuters published an article entitled “White House says Alibaba is helping Chinese military target US, FT reports.” The article stated that Alibaba had been accused of “providing technological support for Chinese military operations against targets in the United States, the Financial Times said on Friday, citing a White House memo.”
On this news, Alibaba American Depositary Shares (“ADSs”) fell in intraday trading on November 14, 2025.