The Digital Source For China's Tech Innovation Since 2000

Search
Close

Alibaba tanks 10% and drives Chinese stocks lower after SEC says e-commerce giant faces potential delisting

July 30, 2022
Source: businessinsider.in businessinsider.in
News Snapshot:
Alibaba stock tanked as much as 10% on Friday and led Chinese stocks lower after the Securities and Exchange Commission identified the e-commerce giant in a new batch of Chinese companies that could be subject to delisting from US exchanges if they don't comply with a new law. The Holding Foreign Companies Accountable Act took effect on December 18, 2020. It requires the SEC to identify publicly traded foreign companies on US exchanges that will not allow a US auditor to fully inspect their financial books. The SEC ultimately has the power to delist the Chinese stocks if for three...
Go To Original Source →
Tags: accounting | Alibaba | audit | Beijing | books | chairman | China | Chinese | commission | delist | delisting | e-commerce | finance | financial | Giant | Hong Kong | identification | IT | KONG | law | LED | online shopping | power | SEC | stocks

Other Related News:

China can't get US data under plan, says top attorney for TikTok

April 1, 2023

ChatGPT in Trouble: Why has Italy blocked the AI chatbot?

April 1, 2023

India, Sri Lanka, Maldives have close cooperation on security. But China can test it

April 1, 2023

Why Taiwan is already under attack Audio Long Reads

April 1, 2023

7 Most-Stylish Tech Leaders of Silicon Valley [Part 2]

April 1, 2023

Ditch TikTok app on cellphones, UBC advises students

April 1, 2023

US unveils stricter EV tax credit rules, effective April 18

April 1, 2023

Parliamentary committee to investigate B.C. forestry giant

April 1, 2023

The EU must derisk its changing relationship with China

April 1, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter