Washington is examining whether Alibaba's data-storage business poses a risk to national security. That could hobble the unit’s global ambitions but shareholders have little to worry about yet: They already ascribe almost no value to it, says ywchen1
The U.S. Commerce Department is reviewing Alibaba's cloud business to determine whether it poses a risk to U.S. national security, Reuters reported on Jan. 18 citing three unnamed sources briefed on the matter.
The focus of the probe is on how the company stores U.S. clients' data, including personal information and intellectual property, and whether the Chinese government could gain access to it, Reuters reported.Visitors stand inside a booth introducing Alibaba Cloud services at an exhibition venue during Alibaba Group's 11.11 Singles' Day global shopping festival in Shenzhen, China November 11, 2016.
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