Alibaba Anticipates It Can Comply With U.S. Securities Rules
- Bill targets Chinese companies to prove no foreign control
- Alibaba has gained 128% since its 2014 U.S. public offering
Employees and visitors sit in a building lobby at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Alibaba Group Holding Ltd. Chief Financial Officer Maggie Wu said the company is closely monitoring a U.S. bill that aims to delist foreign companies from the country’s stock exchanges and anticipates that it will be able to comply with any new regulations.
Wu said the company “will endeavor to comply with any legislation whose aim is to protect and bring transparency to investors who buy securities on U.S. stock exchanges.”