Summary by Futu AI
The U.S. Securities and Exchange Commission (SEC) has completed its review of Alibaba Group Holding Limited's Form 20-F for the fiscal year ended March 31, 2023. In a letter addressed to Alibaba's CEO Eddie Yongming Wu, the SEC concluded the review process but reminded the company and its management of their responsibility to ensure the accuracy and adequacy of their disclosures. The SEC's correspondence, dated February 29, 2024, emphasizes that the company's disclosures are its own responsibility, regardless of the SEC's review outcomes.