The Traderszone Network

Published in TZ Latest News 13 February, 2015 by The TZ Newswire Staff

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

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.

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