Globenewswire·2025-11-21 17:05Core Viewpoint - Alibaba Group Holding Limited is under investigation for potential violations of federal securities laws following allegations that it assists the Chinese military in targeting the US, which has led to a decline in its stock price [1][2]. Investigation Details - The investigation is initiated by The Law Offices of Frank R. Cruz on behalf of investors who may have suffered losses due to these allegations [1]. - A Financial Times article published on November 14, 2025, claims that a White House memo indicates Alibaba provides the People's Liberation Army (PLA) with capabilities that threaten US security [2]. - The memo alleges that Alibaba grants the Chinese government and PLA access to sensitive customer data, including IP addresses, WiFi information, and payment records, as well as AI-related services [2]. Stock Market Reaction - Following the publication of the allegations, Alibaba's shares experienced a decline of $6.04, or 3.78%, closing at $153.80 per share on November 14, 2025 [2].