The investigation centers on claims that Alibaba misled investors regarding its business practices, specifically concerning the alleged illicit acquisition of access to Anthropic’s proprietary technology. Reports indicate that Alibaba purportedly utilized fraudulent accounts to bypass regional restrictions on the AI model, a claim that triggered a 2.7% decline in the firm’s American Depositary Shares on June 24, 2026.

Investors who held securities during the relevant period may be eligible to join the class action suit. Rosen Law Firm, which specializes in shareholder litigation and has a history of pursuing claims against Chinese firms, is managing the inquiry. Shareholders looking to participate or provide information regarding the alleged misrepresentations are directed to contact attorney Phillip Kim via the firm’s dedicated portal.