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Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Alibaba

·2 min read

NEW YORK, Dec. 24, 2020 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Alibaba Group Holding Limited ("Alibaba" or the "Company") (NYSE: BABA).

On December 23, 2020 after U.S. markets closed, Chinese regulators announced that they had launched an antitrust investigation into Alibaba, acting on reports that tech giant Alibaba was pressuring merchants who sell goods on its platform to commit to not selling their goods on Alibaba's competitors' platforms. China's State Administration for Market Regulation said through official online channels it has opened an investigation into Alibaba over monopolistic practices. The primary issue named was a practice that forces merchants to choose one of two platforms, rather than being able to work with both.

As news emerged that China's top market regulator had launched an anti-trust probe into Alibaba, the Company's American Depositary Receipts (ADRs) fell sharply in midday trading.

If you purchased or otherwise acquired Alibaba's securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this investigation, your rights, or your interests, please contact:

Frederic S. Fox
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: ffox@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-alibaba-301198440.html

SOURCE Kaplan Fox & Kilsheimer LLP