Alibaba says received U.S. SEC request for information
(Reuters) – Alibaba Group Holding said on Friday it has been asked by the U.S. Securities and Exchange Commission to provide information concerning its interaction with a Chinese regulator.
Alibaba said in a statement it was cooperating with the SEC’s request, but gave no details on what the regulator specifically wanted.
Last month, SAIC said in a now-retracted “white paper” that it had met with Alibaba before the company’s blockbuster New York stock market listing to discuss the issue of fakes sold on its platform, but had withheld publishing any report so as not to affect the initial public offering in September.
Shares of Alibaba (BABA) were down 0.62 percent in extended trade, after closing up 2.24 percent at $89.05 on the New York Stock Exchange.