Shares of Chinese AI Model Firms Fall After Report of Regulatory Probe

Hong Kong-listed shares of Z.ai and MiniMax plunged on Wednesday, after The Information reported that China’s internet regulator is probing potential data leaks to Anthropic. Z.ai, also known as Zhipu, dropped 12.4%, MiniMax fell 4% and Alibaba declined 4.4%. The benchmark Hang Seng Index...