SEC FORM 3

SEC FORM 3SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Xu Hong

(Last)

(First)

(Middle)

26/F TOWER ONE, TIMES SQUARE

1 MATHESON STREET, CAUSEWAY BAY

(Street)

HONG KONG

00000

(City)

(State)

(Zip)

HONG KONG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Alibaba Group Holding Ltd [ BABA ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	657,570	I	By trust

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Shares Units	⁽¹⁾	⁽¹⁾	Ordinary Shares⁽²⁾	62,000⁽¹⁾⁽²⁾	⁽²⁾	D
Restricted Shares Units	⁽³⁾	⁽³⁾	Ordinary Shares⁽²⁾	80,000⁽²⁾⁽³⁾	⁽²⁾	D
Restricted Shares Units	⁽⁴⁾	⁽⁴⁾	Ordinary Shares⁽²⁾	90,000⁽²⁾⁽⁴⁾	⁽²⁾	D
Restricted Shares Units	⁽⁵⁾	⁽⁵⁾	Ordinary Shares⁽²⁾	1,224,000⁽²⁾⁽⁵⁾	⁽²⁾	D
Restricted Shares Units	⁽⁶⁾	⁽⁶⁾	Ordinary Shares⁽⁷⁾	117,000⁽⁶⁾	⁽⁷⁾	D
Restricted Shares Units	⁽⁸⁾	⁽⁸⁾	Ordinary Shares⁽⁷⁾	1,000,000⁽⁸⁾	⁽⁷⁾	D

Explanation of Responses:

1. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of American Depository Shares ("ADSs") that vests in four equal annual installments beginning on Apr 1, 2023, subject to the terms and conditions of the underlying award agreement.

2. Each restricted share unit represents a contingent right to receive one ADS. Each ADS represents 8 ordinary shares. This amount represents the ordinary shares underlying the ADSs in this award.

3. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in four equal annual installments beginning on Apr 1, 2024, subject to the terms and conditions of the underlying award agreement.

4. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in sixteen equal quarterly installments beginning on Jul 1, 2024, subject to the terms and conditions of the underlying award agreement.

5. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in annual installments of 15%, 25%, 30% and 30% beginning on Aug 14, 2025, subject to the terms and conditions of the underlying award agreement.

6. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in sixteen equal quarterly installments beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement.

7. Each restricted share unit represents a contingent right to receive one ordinary share.

8. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in five equal annual installments beginning on Sep 25, 2026, subject to the terms and conditions of the underlying award agreement.

	/s/ Kevin Jinwei Zhang, as Attorney-in-Fact for Toby Hong Xu	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

SEC Form 3 filed by new insider Xu Hong