Alibaba Group Holding Ltd. ADR

SAN DIEGO, Oct. 4, 2026 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Alibaba Group Holding Limited (NYSE: BABA) publicly traded securities between June 26, 2025 and June 24, 2026, inclusive (the "Class Period"), have until tomorrow, Monday, October 5, 2026 to seek appointment as lead plaintiff of the Alibaba class action lawsuit. Captioned Wistisen v. Alibaba Group Holding Limited, No. 26-cv-06654 (S.D.N.Y.), the Alibaba class action lawsuit charges Alibaba and Alibaba's Chief Executive Officer with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Alibaba class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-alibaba-group-holding-limited-class-action-lawsuit-baba.html 

You can also contact Robbins Geller attorneys Ken Dolitsky or Michael Albert by calling 800/851-7783 or via e-mail at info@rgrdlaw.com.

CASE ALLEGATIONS: Alibaba, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses.

The Alibaba class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) under the National Defense Authorization Act, any entities directly or indirectly controlled by or affiliated with the Chinese Ministry of Industry and Information Technology were considered a Chinese military company; (ii) Alibaba was directly or indirectly controlled by or affiliated with the Chinese Ministry of Industry and Information Technology; (iii) the risk of Alibaba carrying out distillation attacks against third-party AI models was not a mere hypothetical or inadvertent, but ongoing; and (iv) as a result, defendants' public statements about Alibaba's business, operations, and prospects were materially false and/or misleading at all relevant times.

On June 8, 2026, after market hours, the U.S. Department of Defense allegedly released an updated list identifying Chinese military companies that included Alibaba due to its direct or indirect control by or affiliation with the Chinese Ministry of Industry and Information Technology. On this news, the price of Alibaba's American Depositary Shares ("ADSs") declined nearly 4%, according to the complaint.

On June 24, 2026, shortly before the markets closed, Bloomberg published an article titled "Anthropic Accuses Alibaba of 'Illicitly' Accessing AI Models." According to the complaint, the article stated in part that "Anthropic said that a campaign by operators linked to Alibaba's Qwen AI lab targeted Claude's most prized capabilities, including software engineering and agentic reasoning, according to a letter that the AI startup sent to several US senators and White House officials." The article allegedly also added that "Anthropic warned that Alibaba and other Chinese labs are making systematic and unauthorized use of results from leading US models to develop a rival generation of chatbots at a fraction of the cost via a practice known as adversarial distillation." On this news, the price of Alibaba's ADSs fell 2.7% on June 24, 2026, and 4.7% further on June 25, 2026, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Alibaba publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Alibaba class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Alibaba class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Alibaba class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Alibaba class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Contact:

Robbins Geller Rudman & Dowd LLP

Ken Dolitsky

Michael Albert

655 W. Broadway, Suite 1900, San Diego, CA 92101

800/851-7783

info@rgrdlaw.com 

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SOURCE Robbins Geller Rudman & Dowd LLP

Important Notice Regarding Alleged Chinese Military Company Classification Disclosure Failures — Alibaba investors saw BABA fall from a Class Period high of $173.68 to $95.07, a decline of approximately 45%.

NEW YORK, Oct. 1, 2026 /PRNewswire/ -- SueWallSt notifies investors in Alibaba Group Holding Limited (NYSE: BABA) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between June 26, 2025 and June 24, 2026. Find out if you could qualify to recover your losses. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt.

BABA American Depositary Shares traded as high as $173.68 on October 9, 2025 and closed at $95.07 on June 25, 2026, a decline of $78.61 per share, or approximately 45.26%. Shares fell $4.69, or roughly 3.9%, over two trading days ending June 10, 2026, following the U.S. Department of Defense's updated list of Chinese military companies.

The Alleged NDAA Classification Disclosure Failure

The National Defense Authorization Act for fiscal year 2025 defines a "Chinese military company" to include any entity directly or indirectly controlled by or affiliated with the Chinese Ministry of Industry and Information Technology. According to the lawsuit, Alibaba's own annual report disclosures acknowledged that its online and mobile commerce operations require an MIIT operating license, yet the Company allegedly never warned shareholders that this affiliation could place it within the statutory definition.

Key NDAA Classification Allegations for Shareholders

• The complaint alleges that entities affiliated with the MIIT fell within the FY2025 NDAA definition of a Chinese military company under Section 1260H(g)(2).
• The lawsuit contends Alibaba was directly or indirectly affiliated with the MIIT through its telecommunications licensing requirements.
• Class Period risk disclosures allegedly identified other Chinese issuers delisted from the NYSE over military-ownership designations, while omitting the Company's own exposure.
• On June 8, 2026, after market hours, the Department of Defense published an updated list of Chinese military companies that included Alibaba.
• The lawsuit contends that the resulting price decline reflected the correction of prior alleged misstatements and omissions.

"This case presents important questions about disclosure obligations in the technology sector when a company's own regulatory relationships may trigger U.S. national security designations. The complaint alleges shareholders were told about designation risks facing peer companies while the Company's own alleged exposure went undisclosed." -- Joseph E. Levi, Esq.

Why the Designation Allegedly Mattered to Investors

U.S. executive orders since 2020 have restricted investment by U.S. persons in publicly traded securities of certain Chinese issuers deemed owned or controlled by the Chinese military. The complaint alleges that this regulatory framework made the Company's potential status a material fact for anyone purchasing BABA securities during the Class Period.

Submit your information here or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the BABA Lawsuit

Q: What is the BABA class action lawsuit about? A: A securities class action has been filed against Alibaba Group Holding Limited (NYSE: BABA) alleging materially false and misleading statements between June 26, 2025 and June 24, 2026. Shares fell approximately 45.26% from their Class Period high after disclosures regarding Alibaba's inclusion on the U.S. Department of Defense list of Chinese military companies and allegations that it illicitly accessed Anthropic's Claude AI model. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.

Q: Who is eligible to join the BABA investor lawsuit? A: Investors who purchased BABA stock or securities between June 26, 2025 and June 24, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.

Q: What specific misstatements does the BABA lawsuit allege? A: The complaint alleges Alibaba made materially false or misleading statements regarding its affiliation with the Chinese Ministry of Industry and Information Technology and its AI development practices, including characterizing unauthorized distillation of third-party models as hypothetical or inadvertent.

Q: What do BABA investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at jlevi@levikorsinsky.com or (212) 363-7500. No immediate action is required to remain eligible as an absent class member.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my BABA shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What does it cost me to participate? A: There is no upfront cost to contact the firm. Securities class actions are generally handled on a pure contingency basis, with no retainer and no out-of-pocket costs. Any attorneys' fees and expenses awarded to class counsel are subject to court approval.

Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor's country of residence.

Applications to serve as lead plaintiff must be filed by October 5, 2026.

CONTACT:\

Levi & Korsinsky, LLP\

Joseph E. Levi, Esq.\

33 Whitehall Street, 27th Floor\

New York, NY 10004\

jlevi@SueWallSt.com\

Tel: (888) SueWallSt\

Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

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SOURCE SueWallSt.com