The SEC has long had trouble enforcing against PRC companies listed in the U.S., with investors criticizing unfamiliar business models and audit disclosure restrictions. The latest Alibaba probe, governmental cooperation and privatization trends all indicate a shifting landscape
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Alibaba Group Holding Limited, the largest Chinese e-commerce company, listed on the New York Stock Exchange (NYSE) in 2014, marking the largest initial public offering (IPO) in history. The company chose to list in New York instead of Hong Kong or Shanghai in part due to more flexible U.S. listing requirements and, by doing so, became subject to regulation by the Securities and Exchange Commission (SEC).
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