Alibaba: Under scrutiny

• Ref:
• Location:
• Type:
• Salary:
• Start Date:

UK Only Article: 
standard article

Issue: 

A nuclear nightmare

Fly Title: 

Alibaba

Location: 

SHANGHAI

Main image: 

Ma ponders

Rubric: 

American regulators are investigating China’s e-commerce giant

Ma ponders

“WE HAVE from time to time been subject to PRC and foreign government inquiries and investigations.” So declared form 20-F, a regulatory filing submitted by Alibaba, China’s biggest e-commerce firm, to America’s Securities and Exchange Commission (SEC) on May 24th. It is tempting to dismiss this as boilerplate language. All foreign firms listed in America (Alibaba trades on the New York Stock Exchange) are required to file this document regularly. In fact, it is not inconsequential. The filing revealed that Alibaba is the target of an ongoing SEC investigation into its accounting practices. The company’s shares fell sharply after the news became public.
The SEC appears to have three areas of concern. It wants to know more …
Source: Retailing
Alibaba: Under scrutiny