Hong Kong-listed shares of Alibaba Group Holdings Ltd. continued to sink overnight, after U.S. regulators last week added the e-commerce giant to a list of...
Hong Kong-listed shares of Alibaba Group Holdings Ltd. continued to sink overnight, after U.S. regulators last week added the e-commerce giant to a list of Chinese-owned companies that could be delisted.
Alibaba’s... Hong Kong-listed shares of Alibaba Group Holdings Ltd. continued to sink overnight, after U.S. regulators last week added the e-commerce giant to a list of Chinese-owned companies that could be delisted. Alibaba’s U.S. shares tumbled more than 11% on Friday, after the U.S. Securities and Exchange Commission added it to a list of more than 250 Chinese companies that could face delisting on Wall Street due to failure to comply with financial-auditing requirements. The Wall Street Journal also reported Friday that Alibaba co-founder Jack Ma is preparing to give up control of Ant Group, the Chinese fintech company that is closely tied to Alibaba.
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