“Alibaba Group has received correspondence from the U.S. Securities and
Exchange Commission asking for background facts and other information
related to our interaction with one of our Chinese regulators, the SAIC,
and related matters. We are cooperating with the SEC’s request.
“Although Alibaba Group has no obligation to disclose the receipt of the
SEC correspondence, we have chosen to proactively disclose the request
because we value being open with our investors and feel that disclosure
could help avoid false rumors or speculation. 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. We are
committed to maintaining an open, transparent and cooperative
relationship with all regulatory agencies and look forward to a
constructive dialogue.”
Copyright Business Wire 2015