Alibaba Group Holding Limited, the Cayman Islands-based company, has responded to the U.S. Securities and Exchange Commission (SEC) regarding comments on its annual report for the fiscal year ended March 31, 2024. The response, dated September 6, 2024, addresses the SEC's concerns outlined in an August 27, 2024, comment letter. The SEC's feedback pertained to Alibaba's use of non-GAAP financial measures in its Form 20-F filing, specifically the presentation of free cash flow and total segments adjusted EBITA without adequate reconciliation to GAAP measures, and inconsistencies in the adjustments to net income. Alibaba has acknowledged the SEC's comments and committed to revising its future filings to ensure compliance with Regulation S-K and the Non-GAAP Financial Measures Compliance and Disclosure Interpretations. The company will disclose GAAP measures with equal or greater prominence and remove the non-GAAP measure of total segments adjusted EBITA from its future reports.

Alibaba Group Holding Limited, the Cayman Islands-based company, has responded to the U.S. Securities and Exchange Commission (SEC) regarding comments on its annual report for the fiscal year ended March 31, 2024. The response, dated September 6, 2024, addresses the SEC's concerns outlined in an August 27, 2024, comment letter. The SEC's feedback pertained to Alibaba's use of non-GAAP financial measures in its Form 20-F filing, specifically the presentation of free cash flow and total segments adjusted EBITA without adequate reconciliation to GAAP measures, and inconsistencies in the adjustments to net income. Alibaba has acknowledged the SEC's comments and committed to revising its future filings to ensure compliance with Regulation S-K and the Non-GAAP Financial Measures Compliance and Disclosure Interpretations. The company will disclose GAAP measures with equal or greater prominence and remove the non-GAAP measure of total segments adjusted EBITA from its future reports.