US agency probes Alibaba on accounting

The US stock market regulator has opened an investigation into the accounting practices of Chinese online giant Alibaba, a company document showed. Among other things, the SEC sought information into Alibaba's accounting for its Cainiao logistics network and its reporting practices for Singles Day, a huge sales event in China. "We are voluntarily disclosing this SEC request for information and cooperating with the SEC and, through our legal counsel, have been providing the SEC with requested doc