Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (NYSE: BABA)
58 Days left to seek lead plaintiff status.
The complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (1) under the NDAA, any entities directly or indirectly controlled by or affiliated with the MIIT were considered a Chinese military company; (2) Alibaba was directly or indirectly controlled by or affiliated with the MIIT; (3) the risk of Alibaba carrying out distillation attacks against third party AI models was not a mere hypothetical or inadvertent, but ongoing; and (4) as a result, Defendants’ public statements about Alibaba’s business, operations, and prospects were materially false and/or misleading at all relevant times.