Skip to content, Pinduoduo Added to Chinese Companies Facing Delisting in U.S.

  • SEC adds more than 80 Chinese companies to non-compliance list
  • Regulator says U.S. inspectors can’t review firms’ audits
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U.S. regulators added more than 80 companies, including Inc., Pinduoduo Inc. and Bilibili Inc., to an expanding list of firms that face possible expulsion from American exchanges because of Beijing’s refusal to allow access to the businesses’ financial audits.

The Securities and Exchange Commission on Wednesday put the corporations on a provisional lineup of U.S.-listed Chinese entities that face delisting under a 2020 law, starting a three-year clock to comply with inspection requirements. Some of the largest Chinese companies traded on U.S. exchanges, including China Petroleum & Chemical Corp., JinkoSolar Holding Co., NetEase Inc., and NIO Inc. were also added.