The Rosen Law Firm has launched a class action lawsuit against Alibaba Group Holding Limited following allegations that Alibaba misled investors by providing false business information. The claims stem from a Financial Times report accusing Alibaba of illicitly accessing Anthropic's AI model, Claude, through fake accounts. After the news, Alibaba's shares dropped 2.7%. Investors who bought Alibaba securities may be eligible for compensation through this lawsuit, which is being pursued on a contingency fee basis.
Alibaba's stock has fallen 24% in 2026 due to heavy investment in AI, a 75% profit drop, and a $10.2 billion capital raise aimed at expanding AI infrastructure. Despite these challenges, Alibaba has outperformed Chinese tech peers like Baidu and PDD,...
Jefferies forecasts Alibaba's cloud revenue to grow over 50% in financial year 2028, driven by strong AI Cloud and Compute services. The bank expects segment margins to improve and external cloud revenue to outpace overall growth. Alibaba's AI Lab an...
