Alibaba Group Holding Ltd. (HK:9988) has released an update.
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Alibaba Group Holding Ltd. has announced the completion of the U.S. Securities and Exchange Commission’s (SEC) review of its annual report for the fiscal year ended March 31, 2024. The company, which operates with a weighted voting rights structure, warned shareholders and potential investors about the risks associated with such structures. The full correspondence with the SEC during the review process is now publicly available, as referenced in Alibaba’s regulatory announcement.
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