Alibaba faces US accounting inquiry


The Alibaba Group, the e-commerce giant, said it was under investigation by the United States securities regulators over its accounting practices, in a potential setback for a Chinese company long seen as a symbol of that country's growing technological might.

The investigation - disclosed on Wednesday in a stock filing - appears to focus on how Alibaba deals with a web of companies in which it owns stakes or has some say in the operations. The company said the security and exchange commission was investigating how Alibaba accounts.....

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