FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260624E00303 
1. Date of relevant event: 19/06/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later): 23/06/2026
(dd/mm/yyyy)
3. Stock code: 09988
4. Name of listed corporation: Alibaba Group Holding Ltd. - W 
5. Class of shares: Ordinary Shares 
6. Number of issued shares in class: 19,193,071,958
7. Name of substantial shareholder: JPMorgan Chase & Co. 
8. Registered office: 270 Park Avenue, New York, New York, NY, 10017, United States
9. Principal place of business in Hong Kong: N/A 
15. Exchange on which listed: New York Stock Exchange
16. Name of listed parent and exchange on which parent is listed: N/A 
17. Details of relevant event:
  Brief description of relevant event Capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price (per share) Average price (per share) Average consideration (per share) Nature of consideration
Long position
Short position 
15015You ceased to have a short position of 1% or more in the shares, or the percentage level of your short position in such shares decreased because:
expiry or cancellation without exercise of equity derivatives under which (choose one):
you have any of the rights or obligations referred to in 15011 to 15014 above embedded in a contract or instrument
 
2201Interest of corporation controlled by you
 
2201Interest of corporation controlled by you
 		 22,073,493           
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position1,376,628,1597.17
Short position581,879,1813.03
Lending Pool585,509,9853.05
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position1,365,295,2307.11
Short position559,805,6882.91
Lending Pool585,272,1333.04
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2101Beneficial owner
Long position550,358,510
Short position552,859,645
2102Investment manager
Long position163,261,596
Short position6,946,043
2106Person having a security interest in shares
Long position65,250,279
Short position0
2301Trustee
Long position1,152,712
Short position0
2502Approved lending agent
Long position585,272,133
Short position0

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4101Listed derivatives - Physically settled
Long position206,212,444
Short position207,471,068
4102Listed derivatives - Cash settled
Long position2,884,695
Short position20,173,852
4105Unlisted derivatives - Physically settled
Long position26,854,870
Short position72,843,514
4106Unlisted derivatives - Cash settled
Long position79,196,347
Short position98,514,411
4103Listed derivatives - Convertible instruments
Long position82,559,203
Short position7,376,527
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling person% controlDirect interest (Y/N)Number of shares
JPMorgan Securities (Thailand) Limited548 One City Centre Building, 50th Floor, Ploenchit Road, Lumphini, Pathum Wan, Bangkok 10330 ThailandJ.P. Morgan International Finance Limited99.00Y
Long position27
Short position53,698
J.P. Morgan Securities LLC270 Park Avenue New York NY 10017 United StatesJ.P. Morgan Broker-Dealer Holdings Inc.100.00Y
Long position220,127,929
Short position169,606,522
JPMORGAN ASSET MANAGEMENT (UK) LIMITED60 Victoria Embankment London EC4Y0JP EnglandJPMORGAN ASSET MANAGEMENT INTERNATIONAL LIMITED100.00Y
Long position6,788,292
Short position723,467
JPMorgan Asset Management (Japan) LimitedTokyo Building, 7-3 Marunouchi 2 Chome, Chiyoda-ku, Tokyo 100 6432 JapanJPMorgan Asset Management (Asia) Inc.100.00Y
Long position826,655
Short position15,066
J.P. Morgan Chase Bank BerhadLevel 18 Integra Tower The Intermark 348 Jalan Tun Razak, Wilayah Persekutuan Kuala Lumpur 50400 MalaysiaJ.P. Morgan International Finance Limited100.00Y
Long position0
Short position9,730,000
JPMorgan Chase Bank, National Association1111 Polaris Parkway Columbus OH 43240 United StatesJPMorgan Chase & Co.100.00Y
Long position595,371,777
Short position1,000,000
JPMorgan Asset Management (Asia Pacific) Limited19 & 20/F, Chater House 8 Connaught Road Central Hong Kong Hong KongJPMorgan Asset Management (Asia) Inc.100.00Y
Long position77,835,098
Short position375,978
JPMorgan Asset Management (China) Company Limited42F&43F 479 Lujiazui Ring Road China (Shanghai) Pilot Free Trade Zone Shanghai 200120 ChinaJPMorgan Asset Management Holdings Inc.100.00Y
Long position5,298,570
Short position0
JPMorgan Asset Management (Taiwan) Limited20F & 21, No.1 Song Zhi Rd, Xin Yi District, Taipei City, Taiwan. Taipei 110 Taiwan (Province of China)JPMorgan Asset Management (Asia) Inc.100.00Y
Long position1,967,344
Short position0
55I, LLCOne Liberty Square Suite 200 Boston MA 02109 United States55 Institutional Partners, LLC100.00Y
Long position12,647
Short position0
J.P. Morgan SETaunusTurm Taunustor 1 Frankfurt am Main Frankfurt 60310 GermanyJ.P. Morgan International Finance Limited100.00Y
Long position150,634,259
Short position152,016,436
J.P. MORGAN MARKETS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. MORGAN FINANCIAL INVESTMENTS LIMITED100.00Y
Long position57,303
Short position0
Highbridge Capital Management, LLC390 Madison Avenue 28th Floor New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00Y
Long position6,298,403
Short position4,478,392
Almea 2 Segregated Portfolio Company270 Park Avenue New York NY 10017 United StatesJ.P. MORGAN MARKETS LIMITED100.00Y
Long position308,693
Short position231,576
J.P. Morgan Investment Management Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00Y
Long position52,784,634
Short position341,258
J.P. Morgan Prime Inc.270 Park Avenue New York NY 10017 United StatesJ.P. Morgan Securities LLC100.00Y
Long position3,566,018
Short position3,566,018
ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CREDITO PRIVADOAvenida Brigadeiro Faria Lima, 3729 - 14th Floor Itaim Bibi Sao Paulo 04538-905 BrazilBanco J.P. Morgan S.A.100.00Y
Long position10,086
Short position16,079
JPMorgan Chase Bank (China) Company LimitedUnits F1907-F1912, F2012B-F2019A, Winland International Finance Center 7 Jinrong Street Xicheng District Beijing 100033 ChinaJPMorgan Chase Bank, National Association100.00Y
Long position0
Short position336,272
J.P. Morgan Structured Products B.V.Luna Arena Herikerbergweg 238 Amsterdam 1101 CM NetherlandsJ.P. Morgan International Finance Limited100.00Y
Long position0
Short position749,064
JPMorgan Asset Management (Singapore) Limited88 Market Street 30-00 CapitaSpring Singapore 048948 SingaporeJPMorgan Asset Management (Asia) Inc.100.00Y
Long position1,223,084
Short position9,284
J.P. Morgan Trust Company of Delaware500 Stanton Christiana Road Newark DE 19713-2107 United StatesJPMorgan Chase Holdings LLC100.00Y
Long position1,131,696
Short position0
J.P. Morgan Alternative Asset Management, Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00Y
Long position0
Short position2,600
J.P. MORGAN SECURITIES PLC25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. MORGAN CAPITAL HOLDINGS LIMITED100.00Y
Long position241,052,715
Short position216,553,978
J.P. Morgan International Finance Limited270 Park Avenue New York NY 10017 United StatesJPMorgan Chase Bank, National Association100.00N
Long position391,697,087
Short position379,119,255
JPMorgan Chase Bank, National Association1111 Polaris Parkway Columbus OH 43240 United StatesJPMorgan Chase & Co.100.00N
Long position391,697,087
Short position379,455,527
J.P. Morgan Broker-Dealer Holdings Inc.4 Chase Metrotech Center 4th Floor Brooklyn NY 11245 United StatesJPMorgan Chase Holdings LLC100.00N
Long position223,693,947
Short position173,172,540
JPMorgan Chase Holdings LLC270 Park Avenue New York NY 10017 United StatesJPMorgan Chase & Co.100.00N
Long position378,226,366
Short position179,350,161
JPMORGAN ASSET MANAGEMENT INTERNATIONAL LIMITED60 Victoria Embankment London EC4Y0JP EnglandJPMorgan Asset Management Holdings Inc.100.00N
Long position6,788,292
Short position723,467
JPMorgan Asset Management Holdings Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Chase Holdings LLC100.00N
Long position153,034,727
Short position5,946,045
JPMorgan Asset Management (Asia) Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00N
Long position81,852,181
Short position400,328
55 Institutional Partners, LLCOne Liberty Square Suite 200 Boston MA 02109 United StatesJPMorgan Asset Management Holdings Inc.100.00N
Long position12,647
Short position0
J.P. MORGAN FINANCIAL INVESTMENTS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJPMorgan Chase Holdings LLC100.00N
Long position365,996
Short position231,576
J.P. MORGAN MARKETS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. MORGAN FINANCIAL INVESTMENTS LIMITED100.00N
Long position308,693
Short position231,576
J.P. Morgan Securities LLC270 Park Avenue New York NY 10017 United StatesJ.P. Morgan Broker-Dealer Holdings Inc.100.00N
Long position3,566,018
Short position3,566,018
Banco J.P. Morgan S.A.AV. BRIGADEIRO FARIA LIMA, 3729 6-part,10-part, 11, 12-part 13-part, 14 E 15 floors Sao Paulo 04538-905 BrazilJ.P. Morgan International Finance Limited99.75N
Long position10,086
Short position16,079
J.P. MORGAN CAPITAL HOLDINGS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. Morgan International Finance Limited100.00N
Long position241,052,715
Short position216,553,978

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
 
24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
N.AAddresses of individuals are not displayed.
5101Trustee of a trust
Long position1,152,712
Short position0
25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber of shares
 
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:
NamesAddressRelationship CodePercentage (%)
  
 
27. Supplementary information:
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded:
Date of filing this Form 2: 24/06/2026
(dd/mm/yyyy)