Alibaba (BABA) Said to Face U.S. Accounting Inquiry
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Alibaba (BABA) Defended at Deutsche Bank
May 26, 2016 8:52 AM EDTDeutsche Bank maintained a Buy rating on Alibaba (NYSE: BABA) with a price target of $110. Comments follow Alibaba's disclosure in its 20-F regarding an SEC investigation on three matters. Alan Hellawell noted that sometimes launched because the SEC is "unfamiliar with various constructs."
"Given market sensitivity to corporate governance issues, the SEC indicated that the request did not imply any violation of federal securities laws. These dialogues, moreover, occur with some regularity between the SEC and other listed Chinese Internet companies. While we would never be dismissive of an SEC inquiry, we believe that... More
Alibaba (BABA) Bounces After Addressing SEC Accounting Probe
May 26, 2016 7:03 AM EDTAlibaba (NYSE: BABA) is bouncing early Thursday after yesterday's drubbing on a disclosure that the SEC is looking at its accounting. The company was said to have issued a... More
