Alibaba said it will “strive” to keep its place on the New York Stock Exchange despite plans by the US Securities and Exchange Commission to delist the Chinese tech group among about 200 others in 2024.
The SEC on Friday added Alibaba to a list of Chinese companies that will be banned from trading if they do not provide access to audit files, driving an 11 per cent fall in the company’s New York-listed shares. Alibaba shares in Hong Kong were down 3 per cent on Monday.
Alibaba said on Monday that it would “continue to monitor market developments”. The company said it would “strive to maintain its listing status on both the NYSE and the Hong Kong Stock Exchange”.
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