Report: China officials haul in Alibaba execs over massive data heist

The police database is believed to have been stored on Alibaba’s servers using outdated and insecure technology. — AP

BEIJING: Alibaba shares sank on July 15 after a report said the tech giant’s executives had been called in for meetings with Chinese officials over the theft of a vast police database.

A hacker last month put on sale what they claimed was the personal information of hundreds of millions of Chinese citizens – which, if true, would make it one of the biggest data heists in history.