Exclusive-U.S. regulators to vet Alibaba, JD.com, other Chinese firms’ audits -sources

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Reuters

By Julie Zhu HONG KONG (Reuters) -U.S. regulators have selected e-commerce majors Alibaba Group Holding Ltd and JD.com Inc among other U.S.-listed Chinese companies for audit inspection starting next month, people with knowledge of the matter said. The selection follows a landmark audit deal between Beijing and Washington on Friday allowing U.S. regulators to vet accounting firms in mainland China and Hong Kong, potentially ending a long-running dispute that threatened to boot more than 200 Chinese companies from U.S. stock exchanges. The tech duo along with Yum China Holdings Inc – owner of K…

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