Alibaba Rejects US Military Claims, Market Stability Remains Unimpacted

Alibaba faces allegations from a US government memo suggesting the company’s involvement with the Chinese military, specifically sharing customer data. The company vehemently denies these claims, emphasizing that they are misinformation aimed at damaging their reputation. This controversy adds to already strained US-China tech relations, impacting regulatory frameworks and market dynamics but showing little direct effect on the cryptocurrency markets.