The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Chinese Internet Giant Could Be Kicked Off US Stock Exchange After SEC Adds Firm to Delisting Watchlist

News Snapshot:

Shares of Chinese e-commerce giant Alibaba (NYSE: BABA) tumbled 10 percent on July 29 after the U.S. Securities and Exchange Commission (SEC) added the firm to a list of companies that could face delisting. The U.S.-listed Chinese company is among the more than 150 companies named by the SEC that could be booted from U.S. exchanges if American regulators are unable to inspect financial audits for three years in a row. The firms were identified under the requirements of the Holding Foreign Companies Accountable Act (HFCAA), signed into law in late 2020, that gives Chinese companies until early 2024 to…

Other China Tech Buzz: