According to @stocktalkweekly, the Financial Times reports that an official White House national security memo with declassified top-secret intelligence alleges Alibaba supplied the People’s Liberation Army with technology used for operations against targets in the United States, raising U.S. security concerns, source: Financial Times via @stocktalkweekly. Alibaba’s U.S.-listed ADR trades under ticker BABA on the NYSE, making the stock directly exposed to U.S. headline and regulatory risk, source: NYSE. U.S. regulators previously initiated a national security review of Alibaba Cloud in 2022, providing precedent for heightened scrutiny on the group’s technology operations, source: Reuters. For crypto traders tracking cross-asset risk, IMF research shows Bitcoin’s correlation with equities has risen since 2020, so equity-volatility from U.S.–China security headlines can be relevant for BTC and ETH monitoring, source: International Monetary Fund.