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Business Matters: Alibaba added to SEC's delisting watchlist

Alibaba added to SEC's delisting watchlist

30/07/2022 GMT

BBC World Service - Business Matters, Alibaba added to SEC's delisting watchlist

US regulators have been demanding complete access to audit the company's working papers

Alibaba Group Holding is among more than 270 Chinese companies listed in New York, identified as being at risk of being delisted under the Holding Foreign Companies Accountable Act (HFCAA). This is intended to address a long-running dispute over the auditing compliance of US listed Chinese firms.

In Ukraine, President Volodymyr Zelensky says the first grain ship from the country since Russia's invasion is ready and waiting for the signal to leave the port.

Europe's biggest economy - Germany has grounded to a halt, despite significant growth in France and Spain.

Instagram says it is pausing a rollout of new features on its app following an online backlash from users, including celebrities and influencers.


(The company now plans to add a primary listing in Hong Kong. Credit: Getty)

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