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MarketScreener Homepage  >  Equities  >  Nyse  >  Alibaba Group Holding Limited    BABA

ALIBABA GROUP HOLDING LIMITED

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Alibaba : Congress Sets Stage for Exiling Chinese Stocks from U.S. Over Audit Dispute

12/02/2020 | 05:10pm EST

By Dave Michaels and Alexander Osipovich

WASHINGTON -- The House unanimously approved legislation on Wednesday that threatens a trading ban of shares of Chinese companies, such as Alibaba Group Holding Ltd., over concerns that their audits aren't sufficiently regulated.

The bipartisan measure passed the Senate in May and could quickly become law with President Trump's signature. The fight over China's resistance to allowing overseas inspections of its companies' audits has lasted for years, but reached a fever pitch during the Trump administration.

Under the measure, Chinese companies and their auditors would have three years to comply with the inspections before a trading prohibition could take effect. If a breakthrough looked unlikely, the companies would likely respond ahead of a ban by either going private or moving their listing to a non-U.S. exchange.

U.S. regulators are working on another proposal that could allow Chinese auditors to comply with the inspection requirement without violating their home country's laws, which limit the sharing of information. The Securities and Exchange Commission could issue such a proposal this month, although it would not immediately take effect.

Write to Dave Michaels at dave.michaels@wsj.com and Alexander Osipovich at alexander.osipovich@dowjones.com

(END) Dow Jones Newswires

12-02-20 1709ET

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Financials
Sales 2021 698 B 108 B 108 B
Net income 2021 150 B 23 077 M 23 077 M
Net cash 2021 414 B 63 825 M 63 825 M
P/E ratio 2021 29,6x
Yield 2021 -
Capitalization 4 268 B 659 B 659 B
EV / Sales 2021 5,52x
EV / Sales 2022 4,09x
Nbr of Employees 122 399
Free-Float 99,7%
Chart ALIBABA GROUP HOLDING LIMITED
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Alibaba Group Holding Limited Technical Analysis Chart | BABA | US01609W1027 | MarketScreener
Technical analysis trends ALIBABA GROUP HOLDING LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 2 159,07 CNY
Last Close Price 1 577,62 CNY
Spread / Highest target 58,9%
Spread / Average Target 36,9%
Spread / Lowest Target 10,6%
EPS Revisions
Managers and Directors
NameTitle
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans President & Director
Wei Wu CFO, Director & Head-Strategic Investments
Li Cheng Chief Technology Officer
Chung Hsin Tsai Executive Vice Chairman
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