Alibaba Hit With Securities Fraud Suit Over China Military Ties, AI Theft
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San Francisco – September 10, 2026 -- Hagens Berman Sobol Shapiro LLP has filed a securities fraud class action against Alibaba Group Holding Limited (NYSE: BABA), alleging the company concealed ties to China's Ministry of Industry and Information Technology (MIIT) and engaged in unauthorized AI model theft. The case, Wistisen v. Alibaba Group Holding Limited, et al., No. 1:26-cv-06654, is filed in the U.S. District Court for the Southern District of New York.