BABA INVESTOR ALERT: Securities Class Action Filed Against Alibaba Group Holding Limited – Investors Encouraged to Contact Kirby McInerney LLP

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA) common stock between June 26, 2025 and June 24, 2026, inclusive (“the Class Period”).

If you suffered a loss on your Alibaba investments, you have until October 5, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:

[CONTACT THE FIRM IF YOU SUFFERED A LOSS]

What Is This Lawsuit About? The lawsuit alleges that Alibaba made materially false and/or misleading statements, as well as failed to disclose adverse facts, including that: (i) under the National Defense Authorization Act, any entities directly or indirectly controlled or affiliated with the Chinese Ministry of Industry and Information Technology (“MIIT”) were considered a Chinese military company; (ii) Alibaba was directly or indirectly controlled by or affiliated with the MIIT; and (iii) the risk of Alibaba carrying out distillation attacks against third-party AI models was ongoing.

On June 8, 2026, the U.S. Department of Defense released an updated list identifying Chinese military companies. Alibaba was included on that list due to its direct or indirect control by or affiliation with the MIIT. On this news, the price of Alibaba’s ADSs dropped $4.69 per ADS, or 3.9%, over two trading days to close at $115.38 on June 10, 2026.

On June 24, 2026, Bloomberg published an article titled “Anthropic Accuses Alibaba of ‘Illicitly’ Accessing AI Models.” The article reported that Anthropic accused Alibaba of “waging a large-scale effort to ‘illicitly’ access its Claude artificial intelligence model using thousands of fraudulent accounts.” Additionally, “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 $2.80 per ADS, or 2.7%, to close at $99.80 on June 24, 2026. The Company’s stock price fell a further $4.73 per ADS, or 4.7%, to close at $95.07 on June 25, 2026.

[LEARN MORE ABOUT THE LAWSUIT]

The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Learn more about the lead plaintiff process and eligibility requirements here. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.

[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]

What Should I Do? If you purchased or otherwise acquired Alibaba securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [e-mail], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

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