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

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Reuters UK

By Julie Zhu HONG KONG (Reuters) -U.S. regulators have selected e-commerce giant Alibaba Group Holding Ltd and other U.S.-listed Chinese companies for audit inspections starting next month, three sources familiar with the matter said. The move follows Friday’s landmark audit deal between Beijing and Washington 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. Alibaba has been notified that it is among the first batch of Chinese companies w…

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