News Snapshot:
C hinese e-commerce firm Alibaba said yesterday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it in a list of companies that may be delisted for not complying with auditing requirements. The U.S. Securities and Exchange Commission has said foreign companies face having their shares delisted if they don’t give American regulators access to their financial statements and auditing process as required of other companies around the world. The addition of Alibaba to the list is the latest blow as it suffers the fallout from Beijing’s regulatory crackdown...
