日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 国产又粗又猛又爽又黄 | 亚洲欧美国产精品 | 亚洲成熟少妇视频在线观看 | 中文字幕在线免费视频 | 在线免费观看一级片 | 国产欧美中文字幕 | 激情久久视频 | 欧美三级网 | 一级做a爱片久久毛片 | 亚洲欧美系列 | 国产又粗又长又黄视频 | 婷婷天堂 | 日韩网站在线观看 | 侵犯稚嫩小箩莉h文系列小说 | 久久久久久久免费 | 麻豆蜜桃视频 | 嫩草一区 | 在线观看中文字幕码 | 婷婷91| 四虎影院在线免费观看 | 成人免费观看在线视频 | 蜜臀av性久久久久蜜臀av麻豆 | 天天曰| 中文字幕+乱码+中文字幕明步 | 欧美日韩一区三区 | 成人免费在线网站 | 男人的天堂视频网站 | 亚洲国产日韩在线 | 爱爱免费网站 | 日韩一区二区在线播放 | 操中国女人的逼 | 天天干天天操 | 亚洲专区一区 | 精品人人人人 | 嫩操影院 | 色婷婷国产精品免 | 亚洲欧美激情视频 | 四虎影院污 | 久久久精品蜜桃 | 久久av免费 | 成人在线网 |