• Jack Ma dared concerned agencies to file a lawsuit against Alibaba.

Jack Ma dared concerned agencies to file a lawsuit against Alibaba. (Photo : Getty Images)

Amid legal battles facing China's retail giant, Alibaba's Jack Ma dared agencies to file lawsuits against his company, saying that such probes would help others understand what Alibaba is doing.

"If you want to sue us, sue us," Ma said at a gathering hosted by Alibaba Foundation.

"It's an opportunity for us to let them understand what we're doing," Ma told Reuters.

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Ma added that Alibaba had complied with the requests of the U.S. Security and Exchange Commission (SEC), but no definite schedule for the finding's release had been set.

Earlier this year, the SEC launched an investigation on Alibaba's accounting practices after speculations about the company's growth rate had circulated. The probe also looked into the Chinese company's relationship with its logistics affiliate, Cainiao Network.

During the probe, Ma issued a statement saying that his company's business model is too complicated for the U.S. to comprehend.

"Alibaba's business model does not have any references in the U.S., so it's not just a matter of one or two days for the U.S. to understand Alibaba's business model," Ma was quoted as saying in a separate Reuters report.

The fresh dare by Ma was told at Alibaba's two-day charity event.

Aside from venturing into different industries, the self-made Chinese billionaire is also into philanthropic initiatives.

In 2014, Ma and Alibaba co-founder Joe Tsai pledged $3 billion of shares to the Alibaba Foundation, which is said to be the biggest charity donation in Chinese history, Digital Trends wrote.

Tencent founder Pony Ma's $2 billion pledge to a charity fund comes in second.

Despite being home to many of the world's billionaires, China has failed to make a friendly environment for non-government organizations.

Earlier this year, more than 7,000 NGOs had been required to look for a Chinese sponsor in accordance with new regulations.

Many raised their eyebrows over the latest rules as they fear that these would jeopardize charity works in mainland.