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Alibaba exec. isn't worried harsher regulation scrutiny under a Trump administration

Alibaba's president responded on Friday to the idea that president-elect Donald Trump might drum up more regulatory scrutiny of the Chinese technology giant.

"We feel very good about our numbers," Alibaba president Michael Evans told CNBC's "Squawk on the Street" on Friday. "Politics, we can't control. The quality of what we disclose, we can. And our ability to work cooperatively with government and regulatory agencies around the world is a hallmark of building this business for the global markets."

Michael Evans, co-president of Alibaba Group Holding Ltd., gestures as he speaks at a news conference during the company's annual November 11 Singles' Day online shopping event in Shenzhen, China, on Friday, Nov. 11, 2016.
Qilai Shen | Bloomberg | Getty Images
Michael Evans, co-president of Alibaba Group Holding Ltd., gestures as he speaks at a news conference during the company's annual November 11 Singles' Day online shopping event in Shenzhen, China, on Friday, Nov. 11, 2016.

Earlier this year, the Securities and Exchange Commission launched an investigation into whether Alibaba's accounting practices violated federal laws. The investigation came just a year after an unrelated high-profile fight between regulators and accounting firms about the disclosure of Chinese companies.

Trump, elected to the U.S. presidency this week, was critical of China during his campaign, proposing increased tariffs on trade with the world's second biggest economy.

"I have the largest bank in the world as a tenant of mine. I have very big relationships with China, but the fact is China is the great abuser of the United States economically and we do nothing about it, and it would be very easy to stop," Trump said in August.

At the time, Alibaba's vice chairman Joe Tsai said that the Chinese sentiment was to "make sure there is no animosity." Evans reiterated his confidence in Alibaba's "carefully prescribed" accounting procedures on Friday.

"We're very comfortable with the accuracy of our reporting, and in the quality of our numbers," Evans said. "The SEC sent us a request for information on a variety of things. We've responded to that and we're working in full cooperation with the SEC. And we're not concerned about both what they're looking at, and also what we're disclosing."

It comes amid one of the company's biggest shopping days of the year, Single's Day. It's about five times bigger than Cyber Monday, and sales hit $17.8 billion. Alibaba's founder, Jack Ma, estimates that Alibaba's business would be the 20th-largest economy in the world if it were a country.

Evans said the single biggest beneficiaries of Single's Day are U.S. brands. Macy's, Victoria's Secret and Crayola are among the brands participating.

"United States: great country. China: great country," Evans said. "The two biggest economies in the world. If those two countries work together .... then both of those countries will do extremely well. But most importantly, the rest of the world will do well. The rest of the world is relying on the United States and China to figure it out. I have a high expectation that that's going to be the case."

— CNBC's Ari Levy and Reuters contributed to this report.