Investors who purchased or acquired Alibaba Group Holding Limited publicly traded securities from June 26, 2025, through June 24, 2026, have until October 5, 2026, to seek appointment as lead plaintiff in a proposed securities class action. The complaint alleges that Alibaba and its Chief Executive Officer violated the Securities Exchange Act of 1934 by making false or misleading statements and failing to disclose alleged affiliations with China’s Ministry of Industry and Information Technology, the risk of designation as a Chinese military company, and alleged distillation attacks involving third-party AI models. The complaint says Alibaba’s American Depositary Shares fell nearly 4% after the U.S. Department of Defense added Alibaba to an updated list of Chinese military companies on June 8, 2026, then fell 2.7% on June 24 and another 4.7% on June 25 after a Bloomberg report described allegations by Anthropic involving Alibaba’s Qwen AI lab. Robbins Geller Rudman & Dowd LLP, DJS Law Group LLP and The Law Offices of Frank R. Cruz are seeking investor participation; investors may seek lead-plaintiff status, retain counsel of their choice or take no action and remain absent class members.