China's NDRC Looks to Probe e-Commerce Pricing; Alibaba (BABA) Employees Fearful of U.S. Lawsuits

Alibaba (NYSE: BABA) is active early following reports that Executive Chairman Jack Ma is moving to calm employees amid suits being filed against the company over issues disclosing information to investors.

Reuters highlighted commentary made by Ma in an annual letter issued ahead of the Lunar New Year. In part, Ma said, As for the lawsuits that came about from recent events, I ask that Alibaba employees be at ease ... The Group will attach high importance to these, and we will uphold the principles of objectivity, transparency and honesty to handle this.

News comes following an announcement earlier by China's National Development and Reform Commission (NDRC), which said it would probe pricing tactics in the nation's e-commerce sector to ensure a fair market. The NDRC said it would, organize and develop special inspections into the online retail sector's pricing behavior.

Two weeks back, China's State Administration for Industry and Commerce (SAIC) initially accused Alibaba of failing to clean up shady business deals on its e-commerce platforms, but later retracted the statement.

Also on watch is JD.com (Nasdaq: JD).

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