Alibaba Group Holding Ltd Executive Chairman Jack Ma urged employees to relax about U.S. lawsuits against the firm over possible failure to disclose information to investors, in a letter to staff posted on his official microblog on Friday. A series of lawsuits have been filed in the United States after an unusually public fracas with a Chinese regulator last month over the issue of fakes being sold on Alibaba's websites.
Read moreA Chinese antitrust regulator said on Friday pricing tactics in the nation's e-commerce sector will be probed to ensure a “fair” market, likely putting new scrutiny on companies such as Alibaba Group Holding Ltd and JD.com Inc. The comments come just two weeks after another government regulator, the State Administration for Industry and Commerce (SAIC), accused Alibaba of failing to clean up what it called illegal business deals on the e-commerce titan's platforms. The National Development and Reform Commission (NDRC) said in a statement on its website that it would “organize and develop special inspections into the online retail sector's pricing behavior”
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