SEC investigating Alibaba's accounting practices


  • TECH
  • Thursday, 26 May 2016

Under scrutiny: Alibaba has given the SEC information about its accounting for logistics unit Cainiao Network and data from its Singles' Day shopping festival.

Alibaba Group Holding Ltd said it was being investigated by the US Securities and Exchange Commission over whether the Chinese e-commerce company's accounting practices violated any federal laws.

The company has provided the SEC with information about its accounting for logistics unit Cainiao Network as well as operating data from its Singles' Day shopping festival, according to Alibaba's annual report filed.

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