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Alibaba along with the underwriters of its IPO have been sued inside of a California exceptional courtroom in a consolidated course action lawsuit.[36] The lawsuit was filed in Oct 2015 on behalf of buyers who bought Alibaba's American depositary shares alleging violations in the Securities Act.
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In December 2020, the shares of Alibaba Group endured a historic stock selling price crash to the lowest shut in close to six months, pursuing the antitrust investigation into the corporate by Chinese regulators.[50] In December 2020, China's Point out Administration for Market place Regulation (SAMR) said that it opened an investigation into Alibaba over monopolistic techniques.[fifty one][52] The country's central financial institution, in addition to a few other regulators, confirmed inside of a separate statement which the affiliated Ant Group would even be summoned for discussions around "Competitiveness and consumer legal rights", where by regulators instructed the company to return its aim to electronic-payments.[53] People's Every day, the official newspaper Alibaba66 official on the Central Committee in the Chinese Communist Party, endorsed the investigation Soon following the announcement, boasting the investigation for being "an important phase in strengthening antimonopoly oversight in the net sphere".
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