CHINA-US: US SEC ADDS ALIBABA TO ITS WATCH LIST BRINGING TOTAL NUMBER OF CHINESE ENTITIES TO 150
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The South China Morning Post (July 30) reported that the US Securities and Exchange
Commission (SEC) on July 29 put Alibaba on its watch list of Chinese firms that face removal
from American exchanges. More than 150 Chinese companies are currently on the SEC’s
provisional line-up of firms up for delisting. Apart from Alibaba, three other mainland Chinese
internet companies – Mogu, Cheetah Mobile and Boqii Holding – and one Hong Kong entity,
metal stamping firm Highway Holdings, are on the SEC watch list.
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