FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260629E00490 
1. Date of relevant event: 24/06/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later): 26/06/2026
(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: 19,206,078,670
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
12045The percentage level of your interest in the shares has reduced because:
expiry or cancellation without exercise of equity derivatives under which (choose one):
you had any of the rights or obligations referred to in 12041 to 12044 above embedded in a contract or instrument
2201Interest of corporation controlled by you
2201Interest of corporation controlled by you
 17,350,509 HKD 101.4000 99.2063 99.1782
3101Cash
Short position 
14015You came to have a short position of 1% or more in the shares, or the percentage level of your short position in such shares increased because:
you became the holder of, wrote or issued equity derivatives under which (choose one):
you have any of the rights or obligations referred to in 14011 to 14014 above embedded in a contract or instrument
 
2201Interest of corporation controlled by you
 
2201Interest of corporation controlled by you
 		 83,811,929           
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position1,345,830,7077.01
Short position545,841,9922.84
Lending Pool583,411,2703.03
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position1,328,480,1986.91
Short position629,653,9213.27
Lending Pool581,368,1323.02
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2101Beneficial owner
Long position522,034,554
Short position624,185,079
2102Investment manager
Long position159,295,801
Short position5,468,842
2106Person having a security interest in shares
Long position64,628,999
Short position0
2301Trustee
Long position1,152,712
Short position0
2502Approved lending agent
Long position581,368,132
Short position0

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4101Listed derivatives - Physically settled
Long position191,807,444
Short position199,824,168
4102Listed derivatives - Cash settled
Long position2,929,273
Short position18,903,055
4105Unlisted derivatives - Physically settled
Long position25,754,313
Short position71,773,912
4106Unlisted derivatives - Cash settled
Long position70,371,450
Short position196,986,801
4103Listed derivatives - Convertible instruments
Long position83,366,810
Short position8,670,794
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 position153
Short position89,055
J.P. Morgan Securities LLC270 Park Avenue New York NY 10017 United StatesJ.P. Morgan Broker-Dealer Holdings Inc.100.00Y
Long position211,718,714
Short position162,296,841
JPMORGAN ASSET MANAGEMENT (UK) LIMITED60 Victoria Embankment London EC4Y0JP EnglandJPMORGAN ASSET MANAGEMENT INTERNATIONAL LIMITED100.00Y
Long position6,275,384
Short position210,558
JPMorgan Asset Management (Japan) LimitedTokyo Building, 7-3 Marunouchi 2 Chome, Chiyoda-ku, Tokyo 100 6432 JapanJPMorgan Asset Management (Asia) Inc.100.00Y
Long position811,589
Short position0
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 position591,515,000
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 position74,817,474
Short position95,710
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 position1,927,544
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 position136,614,372
Short position138,269,366
J.P. MORGAN MARKETS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. MORGAN FINANCIAL INVESTMENTS LIMITED100.00Y
Long position44,271
Short position0
Highbridge Capital Management, LLC390 Madison Avenue 28th Floor New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00Y
Long position6,533,493
Short position4,015,992
Almea 2 Segregated Portfolio Company270 Park Avenue New York NY 10017 United StatesJ.P. MORGAN MARKETS LIMITED100.00Y
Long position308,693
Short position225,352
J.P. Morgan Investment Management Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00Y
Long position52,251,469
Short position142,857
J.P. Morgan Prime Inc.270 Park Avenue New York NY 10017 United StatesJ.P. Morgan Securities LLC100.00Y
Long position2,862,275
Short position2,862,275
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 position9,886
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 position749,065
JPMorgan Asset Management (Singapore) Limited88 Market Street 30-00 CapitaSpring Singapore 048948 SingaporeJPMorgan Asset Management (Asia) Inc.100.00Y
Long position1,091,125
Short position1,125
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 position520
Short position2,600
J.P. MORGAN SECURITIES PLC25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. MORGAN CAPITAL HOLDINGS LIMITED100.00Y
Long position235,255,323
Short position309,610,774
J.P. Morgan International Finance Limited270 Park Avenue New York NY 10017 United StatesJPMorgan Chase Bank, National Association100.00N
Long position371,879,734
Short position458,464,339
JPMorgan Chase Bank, National Association1111 Polaris Parkway Columbus OH 43240 United StatesJPMorgan Chase & Co.100.00N
Long position371,879,734
Short position458,800,611
J.P. Morgan Broker-Dealer Holdings Inc.4 Chase Metrotech Center 4th Floor Brooklyn NY 11245 United StatesJPMorgan Chase Holdings LLC100.00N
Long position214,580,989
Short position165,159,116
JPMorgan Chase Holdings LLC270 Park Avenue New York NY 10017 United StatesJPMorgan Chase & Co.100.00N
Long position365,085,464
Short position169,853,310
JPMORGAN ASSET MANAGEMENT INTERNATIONAL LIMITED60 Victoria Embankment London EC4Y0JP EnglandJPMorgan Asset Management Holdings Inc.100.00N
Long position6,275,384
Short position210,558
JPMorgan Asset Management Holdings Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Chase Holdings LLC100.00N
Long position149,019,815
Short position4,468,842
JPMorgan Asset Management (Asia) Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00N
Long position78,647,732
Short position96,835
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 position352,964
Short position225,352
J.P. MORGAN MARKETS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. MORGAN FINANCIAL INVESTMENTS LIMITED100.00N
Long position308,693
Short position225,352
J.P. Morgan Securities LLC270 Park Avenue New York NY 10017 United StatesJ.P. Morgan Broker-Dealer Holdings Inc.100.00N
Long position2,862,275
Short position2,862,275
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 position9,886
Short position16,079
J.P. MORGAN CAPITAL HOLDINGS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. Morgan International Finance Limited100.00N
Long position235,255,323
Short position309,610,774

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: 29/06/2026
(dd/mm/yyyy)