(Reuters) U.S. regulators are investigating Alibaba Group Holding Ltd’s (BABA.N) accounting practices to determine whether they violated federal laws, the Chinese e-commerce giant said, sending its shares tumbling nearly 7 percent on Wednesday. Alibaba said the Securities and Exchange Commission launched the investigation earlier this year. Questions about its growth rate and its relations with affiliated companies have dogged the firm for years.
SEC Probes Alibaba Accounting Methods, Shares Dive
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