Prnewswireยท2025-11-20 23:36Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Alibaba Group Holding Limited, following allegations of the company's technological support for Chinese military operations against U.S. targets, which has led to a decline in its stock price [1][2]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Alibaba and is looking into whether the company and its officers or directors have engaged in securities fraud or other unlawful business practices [1]. - The investigation was prompted by a report from the Financial Times, citing a White House memo, which claimed that Alibaba is providing technological support for Chinese military operations [2]. Group 2: Stock Market Reaction - Following the allegations, Alibaba's American Depositary Receipt (ADR) price fell by $6.04, or 3.78%, closing at $153.80 per ADR on November 14, 2025 [2].