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Hackers attack 20 million accounts on Alibaba's Taobao shopping site

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 U.S.-listed shares falling as much as 3.7 percent in late Wednesday trade.

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