日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Across America

Alibaba: SEC probing accounting

By Ai Heping in New York | China Daily USA | Updated: 2016-05-26 11:45

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.

aiheping@chinadailyusa.com

Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
Air Force units explore new airspace
Premier Li urges information integration to serve the public
Dialogue links global political parties
Editor's picks
Beijing limits signs attached to top of buildings across city
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产成人在线免费视频 | 亚洲综合色视频在线观看 | 色视频在线免费观看 | 自偷自拍三级全三级视频 | 一级黄色在线 | 欧美久久综合性欧美 | 天天干天天在线 | 国产精品久久国产精品 | 亚洲国产品综合人成综合网站 | 亚洲欧美日韩中文字幕久久 | 狠狠操狠狠操狠狠操 | 久久福利在线 | 国产免费久久精品99 | 毛片a片| 日本阿v无码观看dvd | 99色精品 | 午夜久久 | 丝袜美腿一区二区三区动态图 | 一道本不卡一区 | 精品亚洲国产成av人片传媒 | 日本动漫三级 | 久久99热这里只频精品6中文字幕 | 成人精品久久 | 日本三级在线 | 国产精品中文在线 | 国产色视频一区 | 国产日韩亚洲不卡高清在线观看 | 色视频免费版高清在线观看 | 夜夜视频 | 亚洲国产精品第一区二区三区 | 成人亚洲欧美日韩在线 | 九九在线视频 | 欧美一级片在线看 | 亚洲欧美日韩中文字幕在线不卡 | 五月天婷婷精品视频 | 久久综合九色综合欧洲 | 国产片侵犯亲女视频播放 | 亚洲第一在线播放 | 久久精品国产99久久久古代 | 免费人成网站线观看合集 | 国产精品久久自在自2021 |