FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20261008E00326 
1. Date of relevant event: 05/10/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later): 07/10/2026
(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: 19,901,959,514
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
 12,975,588 HKD 105.9000 105.1254 105.5063
3101Cash
Short position 
 
 
 		            
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position1,204,050,8426.05
Short position416,810,1882.09
Lending Pool592,596,4532.98
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position1,191,075,2545.98
Short position406,557,3552.04
Lending Pool593,251,7352.98
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2101Beneficial owner
Long position397,588,693
Short position405,917,964
2102Investment manager
Long position133,122,530
Short position639,391
2106Person having a security interest in shares
Long position66,635,342
Short position0
2301Trustee
Long position476,954
Short position0
2502Approved lending agent
Long position593,251,735
Short position0

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4101Listed derivatives - Physically settled
Long position312,823,355
Short position219,987,743
4102Listed derivatives - Cash settled
Long position1,000,479
Short position14,958,164
4105Unlisted derivatives - Physically settled
Long position26,352,213
Short position44,461,221
4106Unlisted derivatives - Cash settled
Long position64,952,770
Short position117,910,881
4103Listed derivatives - Convertible instruments
Long position74,020,598
Short position6,423,507
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 position832
Short position100,775
J.P. Morgan Securities LLC270 Park Avenue New York NY 10017 United StatesJ.P. Morgan Broker-Dealer Holdings Inc.100.00Y
Long position177,775,789
Short position132,317,717
JPMORGAN ASSET MANAGEMENT (UK) LIMITED60 Victoria Embankment London EC4Y0JP EnglandJPMORGAN ASSET MANAGEMENT INTERNATIONAL LIMITED100.00Y
Long position4,388,053
Short position186,569
JPMorgan Asset Management (Japan) LimitedTokyo Building, 7-3 Marunouchi 2 Chome, Chiyoda-ku, Tokyo 100 6432 JapanJPMorgan Asset Management (Asia) Inc.100.00Y
Long position510,334
Short position845
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 position10,180,000
JPMorgan Chase Bank, National Association1111 Polaris Parkway Columbus OH 43240 United StatesJPMorgan Chase & Co.100.00Y
Long position602,375,067
Short position0
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 position62,370,482
Short position34
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 position3,110,713
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 position1,934,556
Short position0
55I, LLCOne Liberty Square Suite 200 Boston MA 02109 United States55 Institutional Partners, LLC100.00Y
Long position9,050
Short position0
J.P. Morgan SETaunusTurm Taunustor 1 Frankfurt am Main Frankfurt 60310 GermanyJ.P. Morgan International Finance Limited100.00Y
Long position83,933,244
Short position83,243,030
J.P. MORGAN MARKETS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. MORGAN FINANCIAL INVESTMENTS LIMITED100.00Y
Long position51,001
Short position0
Highbridge Capital Management, LLC390 Madison Avenue 28th Floor New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00Y
Long position480,681
Short position240,168
Almea 2 Segregated Portfolio Company270 Park Avenue New York NY 10017 United StatesJ.P. MORGAN MARKETS LIMITED100.00Y
Long position311,527
Short position237,808
J.P. Morgan Investment Management Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00Y
Long position49,633,109
Short position71,547
J.P. Morgan Prime Inc.270 Park Avenue New York NY 10017 United StatesJ.P. Morgan Securities LLC100.00Y
Long position3,673,602
Short position3,673,602
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 position8,450
Short position16,901
J.P. Morgan Structured Products B.V.Luna Arena Herikerbergweg 238 Amsterdam 1101 CM NetherlandsJ.P. Morgan International Finance Limited100.00Y
Long position0
Short position749,103
JPMorgan Asset Management (Singapore) Limited88 Market Street 30-00 CapitaSpring Singapore 048948 SingaporeJPMorgan Asset Management (Asia) Inc.100.00Y
Long position1,485,328
Short position228
J.P. Morgan Trust Company of Delaware500 Stanton Christiana Road Newark DE 19713-2107 United StatesJPMorgan Chase Holdings LLC100.00Y
Long position413,368
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 position47,100
Short position140,000
J.P. MORGAN SECURITIES PLC25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. MORGAN CAPITAL HOLDINGS LIMITED100.00Y
Long position198,562,968
Short position175,399,028
J.P. Morgan International Finance Limited270 Park Avenue New York NY 10017 United StatesJPMorgan Chase Bank, National Association100.00N
Long position282,505,494
Short position269,688,837
JPMorgan Chase Bank, National Association1111 Polaris Parkway Columbus OH 43240 United StatesJPMorgan Chase & Co.100.00N
Long position282,505,494
Short position269,688,837
J.P. Morgan Broker-Dealer Holdings Inc.4 Chase Metrotech Center 4th Floor Brooklyn NY 11245 United StatesJPMorgan Chase Holdings LLC100.00N
Long position181,449,391
Short position135,991,319
JPMorgan Chase Holdings LLC270 Park Avenue New York NY 10017 United StatesJPMorgan Chase & Co.100.00N
Long position306,194,693
Short position136,868,518
JPMORGAN ASSET MANAGEMENT INTERNATIONAL LIMITED60 Victoria Embankment London EC4Y0JP EnglandJPMorgan Asset Management Holdings Inc.100.00N
Long position4,388,053
Short position186,569
JPMorgan Asset Management Holdings Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Chase Holdings LLC100.00N
Long position123,969,406
Short position639,391
JPMorgan Asset Management (Asia) Inc.270 Park Avenue New York NY 10017 United StatesJPMorgan Asset Management Holdings Inc.100.00N
Long position66,300,700
Short position1,107
55 Institutional Partners, LLCOne Liberty Square Suite 200 Boston MA 02109 United StatesJPMorgan Asset Management Holdings Inc.100.00N
Long position9,050
Short position0
J.P. MORGAN FINANCIAL INVESTMENTS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJPMorgan Chase Holdings LLC100.00N
Long position362,528
Short position237,808
J.P. MORGAN MARKETS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. MORGAN FINANCIAL INVESTMENTS LIMITED100.00N
Long position311,527
Short position237,808
J.P. Morgan Securities LLC270 Park Avenue New York NY 10017 United StatesJ.P. Morgan Broker-Dealer Holdings Inc.100.00N
Long position3,673,602
Short position3,673,602
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 position8,450
Short position16,901
J.P. MORGAN CAPITAL HOLDINGS LIMITED25 Bank Street Canary Wharf London E14 5JP EnglandJ.P. Morgan International Finance Limited100.00N
Long position198,562,968
Short position175,399,028

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 position476,954
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: 08/10/2026
(dd/mm/yyyy)