Alibaba Cloud Unit News Today

The drop, potentially its biggest one-day fall in more than a year, wiped about $20 billion off the Chinese tech giant's market value.

Alibabas concerns over the US export curbs announced by Washington in October come on the heels of similar worries raised this week by Chinese social media and gaming company Tencent Holdings which said the restrictions would force it to seek domestically produced alternatives.

Alibabas cloud computing division said it has become the first Chinese enterprise to support Metas open-source artificial intelligence (AI) model Llama, allowing its Chinese business users to develop programs off the model.