Alibaba group on May 25 with the securities and exchange commission (SEC), 20 - F report submitted documents, the documents show ali group is under the SEC's investigation, although the SEC investigation is ali in the "double a" data statistical method and the novice network accounting problems. Fun is that reports that the SEC investigation shows ali domestic rivals report, who is this?

Ali revealed by the SEC investigation is very normal behavior, according to the laws and regulations, the company is the need to tell investors surveyed, to avoid the loss of investors. Ali group surveyed also listed in the United States shows the sequela, the need to accept the SEC regulation, which is placed in strictly under the jurisdiction of the United States securities laws.

The United States securities laws are famous trival, American lawyer is someone who specializes in securities law, criminal or civil law can not master in other fields, let alone ordinary people. Yet I do not know the SEC is when to start investigation, also do not know what reason to investigate, the SEC is based on of course must be made in accordance with the law.

Investigating whether the accounting method is the core of alibaba violation of securities laws in the United States, specifically related to the financial statements and investment of network accounting statements, "double a" statistical data. Alibaba published in 2015 in a recent "double a" its turnover is $14.3 billion, shows that even if China's economy is in downward legs, consumers still have a strong purchasing power, was also on the formation of a company's share price support.

Ali said in a statement that the SEC is routine, ali was by the American lawyer filed with the SEC documents and data for the audit, the SEC's routine operating instructions will also shall not be used to suggest that companies surveyed, to influence prices. But under the influence of the news, alibaba's stock fell.

The SEC's investigation is normal, ali with the data is normal, so vague on both sides of the causes of the SEC investigation is very critical. The information provided from the SEC asked ali mainly relates to a "double" and novice network, is likely to be involved in the "double a" statistical data, the need to specific sales, ali's statistics, logistics data contrast to find evidence for an potential violation of federal securities laws.

Ali in "double a" figures released by the GMV represents Gross Merchandise Volume, which is the total order amount, but in China because of the relevant factors, may not be included in the GMV cancel the order and return the order, and most of the ali logistics novice network processing, so can be regarded as an indication of GMV data. This may be the SEC asked ali these data and information provided.

, of course, ali data is likely to be correct, not active, that is to say, ali is a good chance to justify the SEC's investigation, can be brushed over "double a" big data.

Thing is: the paradox of the ali was to report and report for any judgment is who is ali?

Ali's since mid - 2015 fall in share prices, is expected China economic downturn will affect ali the China's largest electricity company performance. Don't know whether ali SEC data by information disclosure law, if it is, ali stake in novice network and cost will be through the file open, some analysts believe that this is ali tried to avoid.

The things the paradox is that ali was anxious to clear the negative impact of the SEC investigation, through the "source" is released by domestic competitors to report, the implication ali thinks he is being investigated by "frame". The SEC is specified in the file, it is a routine survey has been very care about the face of a big company, ali is unlikely to tell ali who was reported. So ali judgment is who report is very interesting, after all, in China can achieve ali competition condition is not a few.

No more media coverage and the "source" lookout, but not everyone can only be guessed at. Because the SEC investigation is underway, according to the SEC's practice, investigation may be prolonged, may not be released before the end of the survey on ali beneficial or harmful. Ali whether ultimately determine violations by the SEC, for because of falling share prices and IACC storm over ali company, by investigating things are not always happy.

In addition to spell data on the competition of companies in China, also began to use foreign legal and regulatory agencies, this is really fun, anyway, not afraid of something big at the play, after watching ali will be how to fight back.