Statement from Alibaba Group Regarding Correspondence Between Alibaba Group and the U.S. Securities and Exchange Commission
“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.”
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