Alibaba: 80M Orders in a Day + $433M Ant IPO Settlement — Here's What It Means

Court: S.D. New York

Case: 1:20-cv-09568

🚚 80 Million Deliveries in a Day — Price War Heats Up

• On Saturday, July 13, Alibaba’s instant commerce brand Taobao Shangou matched its all-time record with 80 million on-demand deliveries in a single day.
• This comes amid a fierce nationwide price war with rivals Meituan and JD.com, as platforms blanketed Chinese consumers with freebies, subsidies, and steep discounts.
• 🧋 Daily active users on Shangou surged 15% week-over-week, now reaching an estimated 230 million.
• 🛍️ Many merchants had to suspend walk-ins due to overwhelming online demand, showing how Alibaba’s delivery-first strategy is reshaping China’s local retail.

⚖️ $433.5M Settlement — Ant Group Fallout

• Alibaba BABA has agreed to a $433.5 million payout to settle investor claims it misled shareholders about regulatory risks surrounding Ant Group’s failed IPO in 2020.

📉 Timeline Highlights:

• Nov 2020: Ant’s $30B IPO suspended by regulators.
• BABA dropped 8–13% over two days following regulatory action and antitrust probes.
• Apr 2022: Class action lawsuit filed.
• Jul 2025: Settlement finalized, removing a long-standing legal overhang.

📢 Are you a BABA shareholder impacted by the Ant Group IPO fallout?

📝 File your claim HERE.