www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Alibaba says SEC is investigating its accounting practices

(Agencies) Updated: 2016-05-26 04:51

Alibaba says SEC is investigating its accounting practices

Traders wait for Chinese online retail giant Alibaba's stock to go live on the floor at the New York Stock Exchange in New York on Sept 19, 2014. In 2015, Gucci and other brands owned by Paris-based Kering SA filed a suit in New York against Alibaba.[Photo/Agencies]

Alibaba Group Holding Ltd said it was being investigated by the US Securities and Exchange Commission (SEC) 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 on Tuesday.

The SEC advised the company that the investigation should not be seen as an indication that Alibaba had violated federal securities laws, Alibaba said in a regulatory filing. "This matter is ongoing, and, as with any regulatory proceeding, we cannot predict when it will be concluded," Alibaba said.

Asked for comment on Wednesday, an Alibaba spokesperson said the disclosure of those financial details are "exactly the kind of robust and transparent information that will address the underlying issues in SEC's inquiry."

Singles' Day is the biggest shopping festival in the world, and accounts for more than the combined sales of the Black Friday and Cyber Monday shopping events in the US.

The focus of the SEC probe was not immediately clear, but critics have in the past complained that Alibaba reports Singles' Day sales in terms of gross merchandise volume, or GMV.

GMV tallies the monetary value of buying activity over a certain period of time, but it doesn't take into account various hiccups -- for example, customer returns, or if the seller runs out of stock and can't deliver the product. Last year, the Hangzhou-based firm reported GMV sales of $14.3 billion on Singles' Day.

Cainiao Network handles the vast majority of Alibaba's deliveries. Alibaba owns a 47 percent stake in the firm, which recently raised 10 billion yuan ($1.5 billion) from investors.

How Alibaba accounts for the financial performance of Cainiao has drawn criticism.

In its annual report, Alibaba reported that Cainiao had a net loss of $94 million in 2015 on revenue of $472 million.

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费国产99久久久香蕉 | 亚洲国产精品成人精品软件 | 国产精品成人观看视频国产 | 成人资源在线 | 一男一女的一级毛片 | 99精品国产兔费观看久久99 | 久久国产国内精品对话对白 | 99九九精品国产高清自在线 | 亚洲日本高清影院毛片 | 国产成人精品综合久久久 | 免费成人高清视频 | 久久伊人免费视频 | 日本xxxxxxx69xx | 欧美在线综合视频 | 国产成人精品高清在线观看99 | 国产只有精品 | 久久一级黄色片 | 99视频在线免费观看 | 亚洲欧美精品成人久久91 | 国产高清免费 | 欧美手机在线 | 日本在线看小视频网址 | 日本免费特黄aa毛片 | 国产只有精品 | 久久久久久亚洲精品影院 | 成人国产三级在线播放 | 一本色道久久爱 | 99色在线播放 | 一区二区不卡视频在线观看 | 日韩毛毛片 | 99精品欧美一区二区三区美图 | 中文字幕在线无限2021 | 国产高清成人mv在线观看 | 精品成人免费一区二区在线播放 | 女人张开腿让男人捅的视频 | 国产精品久久人人做人人爽 | 操你.com| 9191精品国产免费不久久 | 97在线免费视频 | 在线观看欧洲成人免费视频 | 久久精品免费在线观看 |