Alibaba striving to maintain US listing amid SEC’s delisting fears

Chinese e-commerce firm Alibaba said on Monday that it wants to keep its shares listed in both New York and Hong Kong, days after US regulators included it in a list of companies that may be delisted for not complying with auditing requirements.

The US Securities and Exchange Commission has said foreign companies face having their shares delisted if they don’t give American regulators access to their financial statements and auditing process as required of other companies around the world.

The addition of Alibaba to the list is the latest blow as it suffers the fallout from Beijing’s regulatory crackdown on the technology industry.