U.S. lawmakers, notably heads of congressional panels, are urging the U.S. Securities and Exchange Commission to delist Chinese stocks listed in the U.S., including Alibaba (BABA), Baidu (BIDU), JD.com (JD), and others that thave military links that could post “unacceptable risk” to investors, the Financial Times reports. Other notable Chinese stocks include PDD (PDD), Tencent (TCEHY), and NetEase (NTES).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Alibaba Reports Share Changes Amid Ongoing Repurchase Strategy
- Nvidia (NVDA) Plans New AI Chips to Avoid Export Rules and Keep China Business Alive
- Trump Trade: Defense budget seen as ‘big win’ for defense stocks
- Temu Tackles New Trump Tax But Stock Surges on Hope of China-U.S. Trade Breakthrough
- Temu shifting to ‘local fulfillment’ model to avoid tariffs, Bloomberg reports