12:09 PM EST, 11/17/2025 (MT Newswires) -- (Updates with reply from the Chinese embassy in the US in the fifth paragraph.)

Alibaba Group ( BABA ) shares fell 4.4% in recent Friday trading after the Financial Times reported that the company provides technology support to the Chinese military against targets in the US.

This information includes access to customer data such as IP addresses, Wi-Fi information, and payment records, and artificial intelligence services, according to a White House national security memo provided to the Financial Times, which includes declassified "top secret" intelligence.

The memo also alleges that Alibaba ( BABA ) employees shared knowledge of "zero-day" software vulnerabilities with the People's Liberation Army, posing a threat to US security, the report added.

"The claims purportedly based on US intelligence that was leaked by your source are complete nonsense. This is plainly an attempt to manipulate public opinion and malign Alibaba ( BABA )," the company told the Financial Times.

"It is extremely irresponsible and is a complete distortion of facts. China firmly opposes this," a spokesperson for the Chinese Embassy in the US told MT Newswires late Friday. The Chinese government prioritizes data protection and "has never and will never require companies or individuals to collect or provide data located in foreign countries in violation of local laws."

Alibaba ( BABA ) and the White House didn't reply to MT Newswires' requests for comment.

Price: 159.86, Change: +6.06, Percent Change: +3.94