An investigation for investors in Alibaba Group Holding Ltd (NYSE:BABA) shares over potential securities laws violations was announced and NYSE:BABA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 01/11/2017 --An investigation on behalf of investors of Alibaba Group Holding Ltd (NYSE:BABA) shares, who purchased NYSE:BABA shares in the September 2014 IPO at $68 per share, over potential securities laws violations by Alibaba Group Holding Ltd in connection certain financial statements.

Investors who purchased shares of Alibaba Group Holding Ltd (NYSE:BABA) in the initial public offering in Setpember 2014 at $68 per share, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether certain statements in connection with the initial public offering of Alibaba Group Holding Ltd were materially false and misleading at the time they were made.

Alibaba Group Holding Ltd conducted its initial public offering in September 2014 and sold more than 368 million ADSs at $68 per share.

On May 24, 2016, Alibaba Group Holding Ltd filed an Annual Report on Form 20-F with the U.S. Securities and Exchange Commission ("SEC") announcing the Company's financial and operating results for fiscal year 2016. In its Annual Report, Alibaba Group Holding Ltd disclosed that the SEC had requested information relating to "consolidation policies and practices (including [the Company's] accounting for Cainiao Network as an equity method investee") and "policies and practices applicable to related party transactions in general, and [the Company's] reporting of operating data from Singles Day" (a popular online shopping holiday in China).

Those who purchased shares of Alibaba Group Holding Ltd have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com