Shares of Alibaba Group Holding (NYSE:BABA) fell on Monday after The New York Times reported that the Trump administration has raised concerns over the Chinese technology firm's potential deal with Apple (NASDAQ:AAPL).

U.S. officials have begun scrutinizing Apple's (AAPL) deal with Alibaba (BABA) for artificial intelligence services on Apple devices in China, the New York Times reported. The partnership, announced in February,

Shares of Alibaba Group Holding Ltd. slumped after a report that the Trump administration has raised concerns over Apple Inc.’s potential deal with the Chinese technology firm. Alibaba’s stock dropped as much as 4.