Chinese mega online retailer Alibaba has been bad—unbelievably bad.
So bad, in fact, that the SEC might be delisting the company on the US stock exchange.
Alibaba—which is basically the Chinese version of Amazon— has some issues with proper accounting (Former Enron investors just felt a chill go up their spine on that one).
If the Chinese government can’t find a way to work with its US counterparts to promise to provide transparent accounting—or at least pinky swear they will be honest—then Chinese companies like Alibaba can wave goodbye to the US stock exchange.
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