$BABA-W(09988.HK)$Z.AI(02513.HK)$MINIMAX-W(00100.HK)
🚨 🚨 Chinese AI in the Red - Probe + Allegations Shake Confidence
Chinese AI and tech stocks are under pressure as fresh worries hit the market.
The Cyberspace Administration of China has opened a probe into domestic AI developers over data security.
This comes right after Anthropic from the U.S. accused several Chinese firms of illegally using its Claude model to train their own systems.
Investors fear tighter rules could slow AI progress and push up costs. On top of that, a global AI price war is squeezing margins for pure-play AI companies.
Today’s moves:
• Zhipu (Z.AI): Down 12.40% to HKD 650.00
• Alibaba (BABA): Down 4.23% to USD 111.39
• MiniMax: Down 3.98% to HKD 275.00
Alibaba’s e-commerce business stays strong. The current drop reflects broader market sentiment.
Zhipu and MiniMax are facing real challenges now. The current regulatory limits and intense competition may affect their growth path.
Is this the start of a deeper AI pullback or buying opportunities ? Share your thoughts below.
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