Alibaba Group (BABA) shares fell 4.4% in recent Friday trading after the Financial Times reported that the company provides technology support to the Chinese military against targets in the US.

This information includes access to customer data such as IP addresses, Wi-Fi information, and payment records, and artificial intelligence services, according to a White House national security memo provided to the Financial Times, which includes declassified "top secret" intelligence.

The memo also alleges that Alibaba employees shared knowledge of "zero-day" software vulnerabilities with the People's Liberation Army, posing a threat to US security, the report added.

"The claims purportedly based on US intelligence that was leaked by your source are complete nonsense. This is plainly an attempt to manipulate public opinion and malign Alibaba," the company told the Financial Times.

Alibaba, the White House and the Chinese embassy in Washington didn't immediately reply to MT Newswires' requests for comment.

Price: 152.84, Change: -7.00, Percent Change: -4.38