ChinaE -commerce giant Alibaba was included in the "Pre -Delivery" list by the US Securities and Exchange Commission (SEC) on Friday (July 29), facing the risk of delisting.As of the closing of Friday, Alibaba's stock price fell 11%to $ 89.37, a total of 21.4%in the month.
Comprehensive Reuters and Bloomberg reported that as of the close of this Friday, Alibaba's market value was 236.664 billion US dollars, which has shrunk by over 70%from the high market value at the end of 2020.
Alibaba released the annual report of fiscal 2022 on Tuesday, showing that the third quarter revenue in fiscal year in fiscal year was 242.58 billion yuan (RMB, the same below, about 49.6 billion yuan), a year -on -year increase of 10%; the net profit was to be the year -on -year; the net profit was to be the same;1924 billion yuan, a year -on -year decrease of 75%.
Alibaba announced on the same day that the board of directors has authorized the group's management to submit an application to the Hong Kong Joint Exchange, which plans to add Hong Kong as the main list of listed listings.
After completing the audit procedure of the Hong Kong Stock Exchange, Alibaba will double the main listing on the main board of the Hong Kong Stock Exchange and the New York Stock Exchange.
Alibaba went to the United States IPO in 2014, the largest IPO in history at that time.
The Wall Street Journal quoted people familiar with the matter on Thursday that Alibaba's founder Ma Yun intends to give up his control over the Ant Group.Alibaba fell 4.5%in Hong Kong the next day, one of the stocks with the largest decline in the Hang Seng Technology Index.
The HFCAA passed in 2020 in the United States clearly states that if foreign companies listed in the United States cannot allow US regulators to check the audit draft for three consecutive years, they may be forced to delist.
In addition to Alibaba, other companies listed on the pre -delisting list on Friday also include Mushroom Street, Poch Pets, Cheetah Mobile Company, etc.
