Alibaba says U.S. SEC doesn't intend to take action after China regulator tiff
SHANGHAI/BEIJING (Reuters) - Alibaba Group Holding Ltd (NYSE: BABA) said on Tuesday the U.S. Securities and Exchange Commission does not intend to recommend "enforcement action" after disclosing a February inquiry into its interactions with a China regulator.
In January, China's State Administration for Industry and Commerce engaged in a public spat with Alibaba after publishing a report criticizing the e-commerce company for the prevalence of counterfeits on its sites. The report was later withdrawn.
(Reporting by John Ruwitch in Shanghai and Paul Carsten in Beijing; Editing by Susan Fenton)