EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Alibaba Group Holdings Limited on Behalf of Shareholders

The Rosen Law Firm announces that it is investigating potential securities claims against Alibaba Group Holdings Limited (NYSE:BABA) resulting from allegations that BABA may have issued materially misleading business information to the investing public.

On January 28, 2015, Bloomberg News published an article that revealed that the State Administration for Industry & Commerce issued a scathing report accusing Alibaba of allowing merchants to operate without required business licenses, to run unauthorized stores that co-opt famous brands and to sell fake wine and handbags. Alibaba employees took bribes, and the e-commerce giant did not fix flaws in customer feedback or internal credit-scoring systems. On this news, BABA shares fell $9.93 per share, or 10.09% in intraday trading on January 29, 2015.

The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by BABA shareholders as a result of this adverse information. If you purchased BABA stock, please visit the website at http://rosenlegal.com/cases-492.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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