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Alibaba Falls 4% as Reported Beijing AI Probe Undercuts Chip Rally; Baidu Eases, JD.com Dips

Summary by 24/7 Wall St.
A regulatory probe into rival AI startups sent Alibaba sliding even though Beijing named no Alibaba products, and traders are now wrestling with how far the scrutiny could spread across China's model layer.

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BizToc broke the news on Wednesday, September 23, 2026.
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