18d ago

JD.com Unit Agrees to Pay SEC $500,000 Over ‘Sham Transactions’

A unit of China’s online retailer JD.com Inc. agreed to pay $500,000 to settle US Securities and Exchange Commission claims it made a series of “sham transactions” to meet revenue targets for several quarters starting in October 2022.

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JD.com Unit Agrees to Pay SEC $500,000 Over ‘Sham Transactions’

rss:bloomberg-marketsus_mainstream18d ago kagi ↗

A unit of China’s online retailer JD.com Inc. agreed to pay $500,000 to settle US Securities and Exchange Commission claims it made a series of “sham transactions” to meet revenue targets for several quarters starting in October 2022.