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| Alibaba Faces U.S. Accounting Inquiry | Alibaba Faces U.S. Accounting Inquiry |
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| HONG KONG — The Alibaba Group, the Chinese e-commerce giant, said it was under investigation by United States securities regulators over whether its accounting practices had violated federal securities laws. | HONG KONG — The Alibaba Group, the Chinese e-commerce giant, said it was under investigation by United States securities regulators over whether its accounting practices had violated federal securities laws. |
| Alibaba said in its annual filing with the Securities and Exchange Commission on Wednesday that it had provided the agency with documents and information about its policies for consolidating affiliated companies and its practices for related-party transactions. | Alibaba said in its annual filing with the Securities and Exchange Commission on Wednesday that it had provided the agency with documents and information about its policies for consolidating affiliated companies and its practices for related-party transactions. |
| It also said it had provided information about how it reports data about Singles Day, China’s e-commerce holiday in November, for which Alibaba widely trumpets the total amount of goods its vendors sell on its sites. | |
| Alibaba added that it was voluntarily cooperating with the commission and that the investigation was not an indication that it had violated any law. | Alibaba added that it was voluntarily cooperating with the commission and that the investigation was not an indication that it had violated any law. |
| It is unclear whether the investigation will have an impact on Alibaba. Asked for comment, a spokeswoman for the company reiterated its statement to the commission. | |
| Alibaba’s share price has stabilized in recent months. Its stock soared after its initial public offering in New York, only to fall below the price of the first day of trading over investor concerns about missed earnings targets, China’s slowing economic growth and Alibaba’s investments. Last year, the company named a new chief executive. | |
| In the most recent quarter, the company had strong revenue growth despite the broader worries about China’s slowdown. | In the most recent quarter, the company had strong revenue growth despite the broader worries about China’s slowdown. |
| The focus of the commission’s investigation appears to be similar to concerns voiced last year by some short-sellers and by Pacific Square Research, a research firm. In particular, Pacific Square had raised questions about whether Alibaba should consolidate its logistics affiliate, Cainiao Smart Logistics Network. Alibaba has a 47 percent stake in the company. | The focus of the commission’s investigation appears to be similar to concerns voiced last year by some short-sellers and by Pacific Square Research, a research firm. In particular, Pacific Square had raised questions about whether Alibaba should consolidate its logistics affiliate, Cainiao Smart Logistics Network. Alibaba has a 47 percent stake in the company. |
| In the filing, which was submitted on Tuesday in the United States, Alibaba said it provided information to the commission about its accounting for Cainiao. | In the filing, which was submitted on Tuesday in the United States, Alibaba said it provided information to the commission about its accounting for Cainiao. |