Shares of Chinese AI Model Firms Fall After Report of Regulatory Probe

🇨🇳 The Information (CN) —

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Shares of Chinese AI model companies Z.ai and MiniMax fell sharply following reports of a regulatory probe by China's internet authorities into possible data leaks to US-based Anthropic. The Hang Seng Index also declined amid concerns over increased internet regulation.

Hong Kong-listed shares of Z.ai and MiniMax plunged on Wednesday, after The Information reported that China’s internet regulator is probing potential data leaks to Anthropic. Z.ai, also known as Zhipu, dropped 12.4%, MiniMax fell 4% and Alibaba declined 4.4%. The benchmark Hang Seng Index ...

Markets AI & Tech China AI regulatory probe Z.ai MiniMax stock market Hang Seng Index

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