NEWSUPDATE: SEC adds Alibaba to a list of Chinese companies facing delisting in three years if they fail to comply with US auditing standards; Alibaba stock is down 9%+ (Bloomberg)

Saturday, 30 July 2022

SEC adds Alibaba to a list of Chinese companies facing delisting in three years if they fail to comply with US auditing standards; Alibaba stock is down 9%+ (Bloomberg)

Bloomberg:
SEC adds Alibaba to a list of Chinese companies facing delisting in three years if they fail to comply with US auditing standards; Alibaba stock is down 9%+ — Alibaba Group Holding Ltd. has moved a step closer toward getting booted off US stock exchanges for American inspectors not being able to access to financial audits.

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