SAN FRANCISCO, Aug.  10, 2026  (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP urges Alibaba Group Holdings Limited (NYSE:BABA) investors who suffered substantial losses submit their losses now.  A securities fraud

BABA

BABA ALERT: Alibaba Group Holding Limited (NYSE: BABA) Investors Urged to Contact Hagens Berman

Alibaba Faces Securities Suit Over NDAA Ties and AI Distillation Allegations

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 SAN FRANCISCO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP urges Alibaba Group Holdings Limited (NYSE:BABA) investors who suffered substantial losses submit their losses now. A securities fraud
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 U.S. securities-fraud class action filed against Alibaba (Wistisen v. Alibaba Group) over alleged misstatements related to MIIT ties and AI-distillation risks. The suit cites June 8, 2026 NDAA designation by the DoD and a June 24 Bloomberg report on distillation attacks, which coincided with stock declines. Outcome could heighten regulatory risk and impact BABA&#039;s valuation as litigation unfolds.
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 <h3>Key Points</h3>
 <ul><li>Securities fraud class action filed against Alibaba. Case: Wistisen v. Alibaba Group Holding Limited.</li><li>Allegations involve MIIT ties and ongoing AI distillation attacks; regulatory exposure cited.</li><li>June 8, 2026: DoD adds Alibaba to NDAA list; stock fell about 3.9%.</li><li>June 24–25, 2026: Distillation attack reports; stock declines about 4.7%.</li></ul>
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 <h3>Companies Mentioned</h3>
 <ul><li>Alibaba Group Holding Ltd (BABA): Subject of securities class action; potential regulatory exposure and stock impact.</li><li>Anthropic (N/A): AI-model company cited in distillation attack findings; private company, indirect market impact.</li><li>Hagens Berman Sobol Shapiro LLP (N/A): Plaintiff law firm leading the case; could drive litigation momentum.</li></ul>
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 <h3>Legal</h3>
 Category: Legal. The piece centers on a securities class action against Alibaba and related regulatory disclosures, highlighting legal risk as a key driver of sentiment and potential valuation impact. It fits Legal because the core content is a lawsuit and regulatory exposure affecting a public company.
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 <h3>Market-Moving</h3>
 <ul><li>Securities lawsuit could pressure BABA shares in coming weeks.</li><li>DoD NDAA listing adds regulatory risk to Alibaba&#039;s business profile.</li><li>Bloomberg report of distillation attacks triggered about a 4.7% intraday drop.</li><li>Lead Plaintiff Deadline October 5, 2026; damages risk if plaintiff wins.</li></ul>
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 <h3>Key Facts</h3>
 <ul><li>Class Period: June 26, 2025 – June 24, 2026.</li><li>Lead Plaintiff Deadline: October 5, 2026.</li><li>DoD NDAA listing added June 8, 2026 alleging MIIT ties.</li><li>June 24, 2026 Bloomberg report: distillation attacks; stock fell 4.7%.</li><li>Alibaba ADS fell 3.9% over two sessions after NDAA listing.</li></ul>
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 <h3>Trading Thesis</h3>
 Neutral near-term on BABA; watch litigation progress over months for potential downside or settlement catalysts.
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link>SAN FRANCISCO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP urges Alibaba Group Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BABA">BABA</a>) investors who suffered substantial losses <a href="https://www.globenewswire.com/Tracker?data=sz3OCrfCJ1QgBhNxBFZ4UC1zLZ9zY5gnmjKBbK65iSf4EEerAD-fv6a0WNIyozxewFcs6szX2F7npKSHZ8dqpXsWRKdabwErLJGjjTOB7wthIhZ7KYyaxJbgC8Cy-PeTQGgLSwsCWi1-jNiO0d44vpWiWFVC52wnOrE-TzcdFYmuozRYWp9wuzK25XJ3wmJK" rel="nofollow" target="_blank">submit their losses now</a>. A securities fraud class action lawsuit has been filed against Alibaba, and investors are encouraged to contact the firm regarding potential recoveries and lead plaintiff rights. The case, captioned Wistisen v. Alibaba Group Holding Limited, et al., No. 1:26-cv-06654 (S.D.N.Y.), accuses Alibaba and certain of its executive officers of violating the Securities Exchange Act of 1934. Class Period: June 26, 2025 – June 24, 2026 Lead Plaintiff Deadline: Oct. 5, 2026 Visit: <a href="https://www.globenewswire.com/Tracker?data=XJZb2RelQFbCEk3JcPxDPSGlkmhuaZQ-Q6Rvg4I4x96m85g3Kus-3zm8Zd1K45YPO9zGrGAtp1Nbq8IZdU-yF37S5nhApcdAd1nsXQL4Foq8CawrAn6BSzKUBTA1yJHx_1oYJhtmZDx-Bd3zCaDdc1taDyZ0mrZL91l52oXdR_r5OOpZoB5KAOWUxQZDSwnb" rel="nofollow" target="_blank">www.hbsslaw.com/cases/alibaba</a> Contact the Firm Now: <a href="https://www.globenewswire.com/Tracker?data=N05t-q-RKvuBfRVHNYYeEPv-JN28E1ExLV_siboHKs-sLUCQdDj2GKPvkOdorbtGDtnRfspoRYtmlpVGJUjWn40hh87A8LFl53VEqEMl4BY=" rel="nofollow" target="_blank">BABA@hbsslaw.com</a>                                         844-916-0895 Core Allegations The lawsuit alleges that Alibaba and certain executives misrepresented and failed to disclose adverse facts pertaining to the Company’s business which were known to Defendants or recklessly disregarded by them. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: <ul type="disc"><li style="margin-top:5pt; margin-bottom:5pt;">Under the National Defense Authorization Act (NDAA), any entities directly or indirectly controlled by or affiliated with the Chinese Ministry of Industry and Information Technology (MIIT) were considered a Chinese military company;</li><li>Alibaba was directly or indirectly controlled by or affiliated with the MIIT;</li><li style="margin-top:5pt; margin-bottom:5pt;">The risk of Alibaba carrying out distillation attacks against third- party AI models was not a mere hypothetical or inadvertent, but ongoing; and</li><li>As a result, Defendants’ public statements about Alibaba’s business, operations, and prospects were materially false and/or misleading at all relevant times. </li></ul> The Truth Emerges The truth regarding Alibaba’s regulatory exposure and illicit business practices was revealed through a series of partial corrective disclosures: <ul type="disc"><li>June 8, 2026: The U.S. Department of Defense added Alibaba to its list of Chinese military companies under the NDAA due to its ties to the MIIT. On this news, Alibaba ADSs fell $4.69 per share, or 3.9%, over two trading sessions.</li><li>June 24, 2026: Bloomberg reported that Anthropic alerted U.S. officials that Alibaba fraudulently accessed Anthropic’s Claude AI models via thousands of fake accounts to execute unauthorized &#34;distillation&#34; attacks to train its own models. On this news, Alibaba ADSs fell $4.73 per share, or 4.7%, to close at $95.07 on June 25, 2026. </li></ul> The complaint alleges that as a result of Defendants&#39; misleading statements and omissions, investors suffered substantial losses when the artificial inflation was removed from the stock. Hagens Berman’s Investigation "We are investigating whether Alibaba executives intentionally concealed the company’s regulatory ties and engaged in fraudulent operational practices to mislead the market about its true risk profile and competitive position," said <a href="https://www.globenewswire.com/Tracker?data=KsgJ-tdF-tL04vDjz7_Ev4RqBK_VC7ZlROnECzA13j6v9G-LqkRxscyOEdFShYXKMR6ThvMKxv2MMKJNXkWqRGd-WdNw1EkQZpnNT5x35a9q3jbX5bIgUhNdfhqU4E2_" rel="nofollow" target="_blank">Reed Kathrein</a>, the Hagens Berman partner leading the firm’s investigation of the alleged claims in the pending suit. What Affected BABA Investors Should Do If you purchased or acquired Alibaba securities between June 26, 2025, and June 24, 2026, and suffered significant financial losses, you have until October 5, 2026, to ask the court to appoint you as lead plaintiff. You do not need to seek lead plaintiff status to share in any potential recovery. To learn more about your legal options, <a href="https://www.globenewswire.com/Tracker?data=sz3OCrfCJ1QgBhNxBFZ4UD1Z4Da53UazwfKKgAOgn0qREsII0AMJrrjrCMMH0TDeaRq3wYttu-f3Q6MnB5rdIpy6pMbbNp7yj6OUyVvuKPt5mHKw-x11fWjzOcAr4opi9U2oBjecLseUv1N96X8z9YqgGLqFe1kZDK0-DUewyBTm7LPnJGHPQix5uKehTnO3LhSSBMKIZsTItZ8JBt6M9A==" rel="nofollow" target="_blank">submit your information to Hagens Berman</a>, visit <a href="https://www.globenewswire.com/Tracker?data=XJZb2RelQFbCEk3JcPxDPSGlkmhuaZQ-Q6Rvg4I4x973qPuMb29SsiPmgbm5LIZz2HQG2As2ID7pRhzjUKib_mhPZKuXxIZLUe12X5LxLHGyPyExVHbA3ls0UMQCfxg1FAqJl7zb7QTjLCaBzAOcP4L1iw23A6_HjlnPLgJjmAPRm76Bf7fW91i71ruk40q3dY7QwT3Tt6T68tQ0p1y71w==" rel="nofollow" target="_blank">www.hbsslaw.com/cases/alibaba</a>, call Reed Kathrein at 844-916-0895, or email <a href="https://www.globenewswire.com/Tracker?data=N05t-q-RKvuBfRVHNYYeEDfDaW3-MvKCI1MpsPZ7cfF2WZ95SW1vNELXH75jEECQ-ThrTzBORx91_KI80HywfRYG-IqrmT0YoLhBpE47yaA=" rel="nofollow" target="_blank">BABA@hbsslaw.com</a>. Whistleblowers: Persons with non-public information regarding Alibaba should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email <a href="https://www.globenewswire.com/Tracker?data=N05t-q-RKvuBfRVHNYYeEMcuGChptl47bD0yV4Lok-6zekdWlO7vkRjH1iWZ3HUhziCxDKrPUGIp2L04AFz1f6W8Te1aBHyyesNelEdGaVs=" rel="nofollow" target="_blank">BABA@hbsslaw.com</a>. <a href="https://www.globenewswire.com/Tracker?data=cgYv0OlWEATWWQUk2aVlp5sHG-dPKtb5qK7pM59kRBPxOUg12oATIXDHaGN-daasVVZqoqUwURO6WB8FgEYDVoE2iN_X-_qQtfcDJOwBA8I=" rel="nofollow" target="_blank">About Hagens Berman</a> Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at <a href="https://www.globenewswire.com/Tracker?data=woL3RmvMXfMXC_OIUKI9_yNa9HdFCmZxT-viVWH1LrmNir5kUjEjEvjvqEkxK83spEvG2CEY45WlS24qWCuKRQ==" rel="nofollow" target="_blank">hbsslaw.com</a>. Follow the firm for updates and news at <a href="https://www.globenewswire.com/Tracker?data=w3Tg78YsoWn3it3DQ1Jd1-zA0rkIxsg7mk4HVNMpJBFUc6rYL5ARcNGHIBUuQsUUQs5vRhHyHHf9jPKfd5ouMHeaj642XVaTqNAoIeJc0625oUKsK_ahiJjYScWnaK8Y" rel="nofollow" target="_blank">@ClassActionLaw</a>.  Attorney Advertising. Prior results do not guarantee a similar outcome in any future case. Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, <a href="https://www.globenewswire.com/Tracker?data=N05t-q-RKvuBfRVHNYYeELV6-Pcfl8mga6L8qQSJCcEmtbjcpdGcFJXjve3ouZJ2FYx2nBUDqdPwQrr6kDwacwVkQwfjvkfSc28QZr80dIk=" rel="nofollow" target="_blank">BABA@hbsslaw.com</a> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwNzQyNiM3NzY5MzY3IzIwMTg1MzI="></img> <img alt="" src="https://ml.globenewswire.com/media/MmZlMmFhZjQtNTU4Zi00MGFmLWI3OTctYWUxMjZjNTA2MTgxLTEwMzAxMDUtMjAyNi0wOC0xMS1lbg==/tiny/Hagens-Berman-Sobol-Shapiro-LL.png" referrerpolicy="no-referrer-when-downgrade"></img><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43"><img src="https://ml.globenewswire.com/media/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43/small/11-25-2025-hbss-securities-unbold-space-1-0-png.png" border="0" width="150" height="83" alt="Primary Logo"></img></a>

U.S. securities-fraud class action filed against Alibaba (Wistisen v. Alibaba Group) over alleged misstatements related to MIIT ties and AI-distillation risks. The suit cites June 8, 2026 NDAA designation by the DoD and a June 24 Bloomberg report on distillation attacks, which coincided with stock declines. Outcome could heighten regulatory risk and impact BABA's valuation as litigation unfolds.

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BABA ALERT: Alibaba Group Holding Limited (NYSE: BABA) Investors Urged to Contact Hagens Berman

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