News Snapshot:
Questions about the role of Alibaba Group Holding Ltd. China’s largest known cybersecurity breach could fuel Beijing’s determination to contain domestic tech giants and accelerate a shift in their private cloud services. Researchers studying the leaked data of nearly a billion Chinese residents earlier this month have noted features of Alibaba’s cloud service, including the hosting service’s domain name. This week, executives of the company’s cloud division, known as Aliyun, were subpoenaed by Shanghai authorities in connection with that data dump, the Wall Street Journal reported, citing sources familiar with the matter. The embarrassing data breach comes as Chinese President...
