Alibaba Shares Post Worst Drop in a Month After China Data Probe Report

SHANGHAI—Shares in Alibaba Group fell the most in a month on Friday, after the Wall Street Journal reported that the Chinese tech giant’s cloud division has been summoned by Shanghai authorities in connection with a theft of police data.
An anonymous hacker had earlier this month claimed to have obtained personal information of more than 1 billion Chinese residents from the Shanghai police.
A dashboard for managing the database was left open on the internet for over a year without a password, which made it easy to access and retrieve its contents, the Wall Street Journal said, citing cybersecurity researchers….

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