Alibaba Group Holding Limited SP ADR

SAN DIEGO, Aug. 7, 2026 /PRNewswire/ -- Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities who purchased or otherwise acquired Alibaba Group Holding Limited (NYSE:BABA) between June 26, 2025 and June 24, 2026 (the "Class Period").

The complaint alleges that Alibaba failed to inform investors that it was considered a Chinese military company and that it was at risk of being impacted by the U.S.'s crackdown on Chinese military companies.

Investors who suffered significant losses during the Class Period may be eligible to participate in the lawsuit and should contact Robbins LLP prior to the October 5, 2026 lead plaintiff deadline.

Why Was Alibaba Sued?

The complaint alleges that Alibaba made materially false or misleading statements regarding its business, operations, and financial condition during the Class Period.

Specifically, the complaint alleges that defendants failed to disclose that:

(1) under the NDAA, any entities directly or indirectly controlled by or affiliated with the MIIT were considered a Chinese military company;

(2) Alibaba was directly or indirectly controlled by or affiliated with the MIIT;

(3) the risk of Alibaba carrying out distillation attacks against third party AI models was not a mere hypothetical or inadvertent, but ongoing; and

(4) as a result, Defendants' public statements about Alibaba's business, operations, and prospects were materially false and/or misleading at all relevant times.

Why Did BABA Stock Drop?

Plaintiff contends that on June 8, 2026, after market hours, the U.S. Department of Defense released an updated list identifying Chinese military companies. Alibaba was included in the list due to its direct or indirect control by or affiliation with the MIIT. On this news, Alibaba share prices dropped $4.69, or approximately 3.9%, over two trading days to close on June 10 at $115.38 on June 10, 2026.

Then, on June 24, 2026, Bloomberg published an article titled "Anthropic Accuses Alibaba of 'Illicitly' Accessing AI Models".  The article noted 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 ADSs fell $2.80 per ADS, or 2.7%, to close at $99.80 per ADS on June 24, 2026. The next day, it fell a further $4.73 per ADS, or 4.7%, to close at $95.07 on June 25, 2026.

Who May Be Eligible to Participate in the Alibaba Class Action?

The lawsuit seeks to represent investors who purchased or otherwise acquired BABA securities between June 26, 2025 and June 24, 2026.

Investors who suffered losses during that period may have legal rights under the federal securities laws.

What Is a Lead Plaintiff?

The lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation. Serving as lead plaintiff is not required to share in any potential recovery. Investors who do not seek appointment may remain absent class members if the case proceeds and later resolves successfully.

Shareholders who wish to serve as lead plaintiff must seek appointment by October 5, 2026.

Does it cost anything to participate?

No. Robbins LLP represents investors on a contingency fee basis. Fees and litigation expenses are paid by defendants only if there is a recovery.

Contact Robbins LLP

Investors seeking additional information about the Alibaba Group Holding Limited securities class action may contact Robbins LLP by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.

About Robbins LLP

Robbins LLP is a shareholder rights law firm focused on representing investors in securities fraud and shareholder litigation. The firm has helped recover more than $1 billion for investors, obtained significant corporate governance reforms, and has represented shareholders in cases involving alleged violations of the federal securities laws.

"Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently," said Brian J. Robbins, Founding Partner of Robbins LLP.

To be notified if a class action against Alibaba Group Holding Limited settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising.  Past results do not guarantee a similar outcome.

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SOURCE Robbins LLP

SAN DIEGO, Aug. 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 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 attorneys Ken Dolitsky or Michael Albert of Robbins Geller 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