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Shares of Alibaba Group Holding Ltd. slumped after a report that the Trump administration has raised concerns over Apple Inc.’s potential deal with the Chinese technology firm.
Alibaba’s stock dropped as much as 4.8% on Monday in Hong Kong, leading declines on the Hang Seng China Enterprises Index. The broader gauge was down 1.4% before paring its drop.
In recent months, the White House and congressional officials have been scrutinizing Apple’s plan to strike a deal with Alibaba to make the Chinese company’s AI available on iPhones in China,…
