Alibaba Group Holding, which raised US$25 billion from its initial public offering in 2014, could end up being the biggest Chinese firm to be delisted in the US if it does not meet the country’s audit requirements. Photo: Shutterstock
Alibaba added to watch list of Chinese firms facing expulsion from US exchanges, days after primary listing bid in Hong Kong
- The US Securities and Exchange Commission on Friday put Alibaba on its watch list of Chinese firms that face removal from American exchanges
- More than 150 Chinese companies are currently on the SEC’s provisional line-up of firms up for delisting
Alibaba Group Holding, which raised US$25 billion from its initial public offering in 2014, could end up being the biggest Chinese firm to be delisted in the US if it does not meet the country’s audit requirements. Photo: Shutterstock
