sobota, 14 lutego 2015

China's Alibaba attracts attention from U.S. regulator

People ride a double bicycle past a logo of The Alibaba Group at the company's headquarters on the outskirts of Hangzhou By Edwin Chan and Noel Randewich SAN FRANCISCO (Reuters) - Alibaba Group Holding Ltd said on Friday it was asked by the U.S. Securities and Exchange Commission for information about its dealings with a Chinese regulator, coming just five months after the company's stock market debut. The SEC's request follows an unusually public fracas between Alibaba and China's State Administration for Industry and Commerce, or SAIC, over the issue of fake products being sold on the company's websites and a series of related lawsuits filed in the United States. "The SEC letter states it should in no way be construed as Alibaba Group having done anything wrong or there having been any violation of securities law," Alibaba said. Wall Street is becoming increasingly concerned that Chinese regulators are sharpening their scrutiny of counterfeit products on e-commerce sites, an endemic problem that Alibaba and others have fought for years.








via Tech News Headlines - Yahoo News http://ift.tt/1Mk8WbF

Brak komentarzy:

Prześlij komentarz