Chinese Internet Giant Could Be Kicked Off US Stock Exchange After SEC Adds Firm to Delisting Watchlist

A woman walks past an Alibaba sign outside the company's office in Beijing on April 13, 2021. Greg Baker/AFP via Getty Images

Shares of Chinese e-commerce giant Alibaba (NYSE: BABA) tumbled 10 percent on July 29 after the U.S. Securities and Exchange Commission (SEC) added the firm to a list of companies that could face delisting.

The U.S.-listed Chinese company is among the more than 150 companies named by the SEC that could be booted from U.S. exchanges if American regulators are unable to inspect financial audits for three years in a row.