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US regulators to vet audits of Alibaba, other Chinese firms, sources say MalaysiaNow

September 1, 2022
Source: malaysianow.com malaysianow.com
News Snapshot:
US regulators have selected e-commerce majors Alibaba Group Holding Ltd and JD.com Inc among other US-listed Chinese companies for audit inspection starting next month, people with knowledge of the matter said. The selection follows a landmark audit deal between Beijing and Washington on Friday allowing US regulators to vet accounting firms in mainland China and Hong Kong, potentially ending a long-running dispute that threatened to boot more than 200 Chinese companies from US stock exchanges. ; The tech duo along with Yum China Holdings Inc - owner of KFC, Taco Bell and Pizza Hut restaurants in China - have been...
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Tags: accounting | Alibaba | audit | AutoNavi | Beijing | Business | China | China Securities Regulatory Commission | Chinese | cloud | commission | delisting | Deloitte | e-commerce | electric vehicle | Hong Kong | Internet | KFC | national security | New York | online shopping | Pizza Hut | technology | Washington | Yum

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