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Benzinga
Benzinga
Business
The Bamboo Works

Alibaba Eyes Hong Kong Primary Listing as Hedge to U.S. Delisting Threat

Alibaba BABA Hong Kong SEC Ken Lo United States Hong Kong Stock Exchange China NYSE New York

Key Takeaways:

  • Alibaba said it expects the upgrade of its secondary Hong Kong listing to primary listing status to be complete by the end of 2022
  • The SEC has placed Alibaba on a list of Chinese firms facing potential delisting as the deadline nears for U.S.-listed Chinese firms to comply with American audit rules
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