Alibaba on Wednesday rejected a report that claimed a "high-up" whistleblower in the company is working with U.S. authorities to investigate its accounting practices.
The New York Post reported Tuesday that an insider at the Chinese e-commerce giant is helping the Securities and Exchange Commission to investigate "controversial accounting practices" related to transactions between its Cainiao logistics arm and several other business affiliates.
Alibaba disclosed in May that the SEC was looking into this and also the way it reports its annual "Singles' Day" shopping festival.
The Post said a "high-up official" helped the SEC investigate, citing a source close to the situation. It's unclear whether that person is still at Alibaba. The source said that the investigation could take "another several months," according to the newspaper.