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Alibaba may face class-action suit

By Meng Jing | China Daily | Updated: 2015-01-31 08:00

Five law firms in the US probe investor claims over business practices by the Chinese giant MENG JING

Chinese e-commerce giant Alibaba Group is facing a possible class-action lawsuit initiated by five law firms based in the United States.

The development comes after the company witnessed the biggest drop in its stock price since its debut on the New York Stock Exchange in September.

Alibaba may face class-action suit

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