Alibaba Added to U.S. List of Chinese Stocks Facing Expulsion
American regulators added e-commerce giant Alibaba Group Holding Ltd. to a growing list of Chinese stocks that will be kicked off U.S. stock exchanges if authorities can’t inspect their books.
The U.S. Securities and Exchange Commission (SEC) made the move after the U.S. Public Company Accounting Oversight Board (PCAOB) couldn’t fully review the company’s audits for the fiscal year ended March 31, Alibaba said Monday.
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