U.S. markets close in 2 hours 5 minutes
  • S&P 500

    3,628.11
    -26.93 (-0.74%)
     
  • Dow 30

    28,994.29
    -266.52 (-0.91%)
     
  • Nasdaq

    10,761.09
    -41.83 (-0.39%)
     
  • Russell 2000

    1,652.82
    -3.06 (-0.18%)
     
  • Crude Oil

    78.66
    +1.95 (+2.54%)
     
  • Gold

    1,636.50
    +3.10 (+0.19%)
     
  • Silver

    18.36
    -0.11 (-0.62%)
     
  • EUR/USD

    0.9586
    -0.0026 (-0.27%)
     
  • 10-Yr Bond

    3.9840
    +0.1060 (+2.73%)
     
  • GBP/USD

    1.0685
    +0.0001 (+0.01%)
     
  • USD/JPY

    144.8650
    +0.1850 (+0.13%)
     
  • BTC-USD

    18,970.05
    -141.83 (-0.74%)
     
  • CMC Crypto 200

    435.64
    -23.50 (-5.12%)
     
  • FTSE 100

    6,984.59
    -36.36 (-0.52%)
     
  • Nikkei 225

    26,571.87
    +140.32 (+0.53%)
     

Alibaba cloud executive called in by Shanghai authorities regarding data break--WSJ

·1 min read
Alibaba cloud executive called in by Shanghai authorities regarding data break--WSJ

The U.S.-listed shares of Alibaba Group Holding Ltd. (baba) dropped 4.3% in midday trading Thursday, after The Wall Street Journal reported that Shanghai authorities called in the ecommerce giant's cloud division for talks regarding the theft of a large police database earlier this month. The WSJ report said the stolen data had been stored on Alibaba's cloud using technology that was several years outdated and lacked basic security features. The Alibaba executives called in for the meeting with authorities included recently hired Cloud Vice President Chen Xuesong, the WSJ report said, citing people familiar with the matter.