Alibaba Facing SEC Investigation Over Accounting Practices

Updated on
  • Shares drop most in three months after probe disclosed
  • Alibaba’s accounting has been a concern among some investors

Alibaba Faces SEC Investigation Over Accounting Practices

Alibaba Group Holding Ltd. fell the most in four months after the e-commerce giant said it’s being investigated by the U.S. Securities and Exchange Commission over its accounting practices and whether they violate federal laws.

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