The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Alibaba tanks 10% and drives Chinese stocks lower after SEC says e-commerce giant faces potential delisting

July 30, 2022
Source: businessinsider.in businessinsider.in
News Snapshot:
Alibaba stock tanked as much as 10% on Friday and led Chinese stocks lower after the Securities and Exchange Commission identified the e-commerce giant in a new batch of Chinese companies that could be subject to delisting from US exchanges if they don't comply with a new law. The Holding Foreign Companies Accountable Act took effect on December 18, 2020. It requires the SEC to identify publicly traded foreign companies on US exchanges that will not allow a US auditor to fully inspect their financial books. The SEC ultimately has the power to delist the Chinese stocks if for three...
GO TO ORIGINAL SOURCE →
China Tech Buzz Topics: accounting | Alibaba | audit | Beijing | books | chairman | China | Chinese | commission | delist | delisting | e-commerce | finance | financial | Giant | Hong Kong | identification | IT | law | LED | online shopping | power | SEC | stocks

Other News:

Carmakers teaming up with Chines brands

July 2, 2026
canberratimes.com.au canberratimes.com.au

Can Hong Kong absorb US$100 billion of newly tradable shares amid the global AI boom?

July 2, 2026
scmp.com scmp.com

From Zlatan to Beckham to Adidas, the World Cup Winners and Losers

July 2, 2026
hollywoodreporter.com hollywoodreporter.com

Taiwan detains super micro workers in China smuggling probe

July 2, 2026
straitstimes.com straitstimes.com

Apple seeks to buy Chinese-made memory chips with lobbying push

July 2, 2026
straitstimes.com straitstimes.com

Shopify settles copyright lawsuit against rival Shopline

July 2, 2026
thenews.com.pk thenews.com.pk

Xi Touts Communist Party's Global Reach, Hails PLA's Rising Strength In 105th Anniversary Address

July 2, 2026
zerohedge.com zerohedge.com

Alibaba agrees to pay US$600 million to settle US probe into illegal product sales

July 2, 2026
scmp.com scmp.com

Apple Burns Political Capital In Washington To Buy Memory From China's CXMT And YMTC, Yet US Buyers Won't See Even A Cent In Savings

July 2, 2026
wccftech.com wccftech.com
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.