Alibaba surges as the US and China near deal on corporate audits – Markets Insider

• US-listed shares of Chinese firm climbed Thursday on the prospect that an auditing dispute could soon be resolved.
• The Wall Street Journal reported that US and Chinese officials have made substantial progress on a deal.
• Shares of Alibaba, JD.com, and other stocks took part in the rally.

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Shares of Alibaba, Baidu, and other US-listed Chinese companies jumped Thursday after The Wall Street Journal reported that the US and China were nearing a deal that would allow American officials to inspect the audit records of Chinese companies listed in New York.

NYSE-listed shares of Alibaba, the e-commerce powerhouse with a market valuation of nearly $283 billion, rose 8% during the session. Rival online…

Read Full Story: https://markets.businessinsider.com/news/stocks/china-stocks-alibaba-jd-baiudu-audit-accounting-deal-dispute-inspections-2022-8

The post Alibaba surges as the US and China near deal on corporate audits – Markets Insider first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2022/08/25/alibaba-surges-as-the-us-and-china-near-deal-on-corporate-audits-markets-insider_2022082528411.html

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