Alibaba strives to keep US, HK listings

HONG KONG: Chinese electronic commerce firm Alibaba said on Monday it wanted to keep its shares listed in both New York and Hong Kong, days after United States 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.