A class action lawsuit has been filed against Alibaba Group Holding Limited by investors who bought Alibaba securities between June 26, 2025, and June 24, 2026. The lawsuit alleges that Alibaba was included on a U.S. Department of Defense list of Chinese military companies due to its ties with the Chinese Ministry of Industry and Information Technology. Additionally, Bloomberg reported accusations that Alibaba illicitly accessed Anthropic's Claude AI model using fraudulent accounts. Following these events, Alibaba's stock fell 7.4%. Investors affected during this period are encouraged to join the lawsuit, with a lead plaintiff deadline of October 5, 2026.
Alibaba announced its new AI chip, the Zhenwu V900, which offers three times the performance of its predecessor, and plans to expand its global data center capacity to over 20 gigawatts by 2032. This move aims to strengthen Alibaba Cloud's position i...
Shares of Alibaba, PDD, and JD.com rose on Friday, with Alibaba leading a 3% gain amid a broader uptick in Chinese internet stocks despite a weak overall market. This move appears driven by sector rotation rather than company-specific news, as Alibab...
Alibaba's stock fell 18% after missing Q1 earnings expectations, but this selloff is seen as overdone, leading to an upgrade to Strong Buy. The company's AI Cloud revenue surged 45% year-over-year, with expectations to maintain over 40% growth and im...
