An Alibaba spokesman on Thursday said the company detected the attack in “the first instance”, reminded users to change passwords, and worked closely with the police investigation.
Hackers in China attempted to access over 20 million active accounts on Alibaba Group Holding Ltd’s Taobao e-commerce website using Alibaba’s own cloud computing service, according to a state media report posted on the Internet regulator’s website.
Analysts said the report from The Paper led to the price of Alibaba’s US-listed shares falling as much as 3.7% in late Wednesday trade. For the full article click here
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