Alibaba Internally Bans Claude Code Use Over Alleged Backdoor Concerns
Alibaba will bar employees from using Anthropic’s Claude Code from July 10 over alleged security risks, after developers found code that detects China-linked users.
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China-based AI startup MiniMax raised $620 million in its Hong Kong IPO, with shares doubling on the first day. The company develops large language models and AI applications for global users.
China’s OpenAI Rivals Reveal IPO Economics
Chinese generative AI startups MiniMax and Zhipu AI have disclosed their financials ahead of potential Hong Kong listings, highlighting modest revenues and mounting losses compared with U.S. peers.