BABA: Fintech Deal With Doo Group Boosts Reach — But a $433M Investor Claim Still Looms

Court: S.D. New York

Case: 1:20-cv-09568

Alibaba BABA just signed a strategic MoU with Doo Group, aiming to co-develop a next-gen fintech ecosystem through Alibaba Cloud’s AI and cloud infrastructure. The deal brings Alibaba deeper into the global finance stack — from online trading to smart risk control.

The partnership will focus on three key areas:

• ⚙️ Advanced Infrastructure: Alibaba Cloud will power low-latency trading platforms via its global availability zones.
• 🤖 AI-Driven Finance: Doo Tech will deploy Alibaba’s AI for smarter risk, payments, and investment advisory tools.
• 🌐 Global Expansion: With Doo Group active across Asia, the UK, and offshore hubs, Alibaba Cloud aims to scale fintech services across APAC and beyond.

Security and compliance also play a central role, with international cloud security certifications combined with multi-jurisdictional financial licenses from Doo’s subsidiaries.

While Alibaba builds toward a new fintech future, it’s still addressing past investor fallout. The company recently agreed to a $433.5 million settlement after being sued for failing to disclose regulatory risks that derailed Ant Group’s IPO.

• Nov 2–3, 2020: Ant execs summoned, IPO suspended.
• Dec 24, 2020: BABA drops 13% in a single day.
• Apr 2022: Investors file class action lawsuit.

• Eligible if you held BABA from 2019-2020.
• Late claims are currently being accepted.
• Payouts typically arrive 8–12 months post-approval.

👉 You can check more information about it and file for a payout HERE.

As Alibaba deepens its fintech roots abroad, regulatory scars from the Ant fallout still weigh on investor sentiment — will new cloud partnerships help the stock regain trust?