Alibaba Update News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The U.S. decision last month to ban the export to China of more chips used in artificial intelligence (AI) has created major uncertainties for the country's big tech companies. Tencent Holdings said on Wednesday it saw the curbs impacting its cloud services.

Alibaba shares fell as much as 9% on Tuesday after a state media report that Chinese authorities had taken action against an individual surnamed Ma, but recouped losses after the report was revised to make clear it was not the company's founder.