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Bull Trader USA

SEC’s Blind Eye to Shopify’s Stock Manipulation Highlights Its Double Standards

Motley Fool

Why Baidu, Alibaba, and iQIYI Stocks Crashed Today

As the South China Morning Post (SCMP) reports, the U.S. Securities and Exchange Commission (SEC) just added five more China-based-but-U.S.-listed companies to its list of stocks at risk of delisting over disclosure concerns. Shares of Alibaba Group Holding Limited (NYSE: BABA), Baidu (NASDAQ: BIDU), iQIYI (NASDAQ: IQ), and Futu Holdings (NASDAQ: FUTU) are all down significantly in response. As of 10:30 a.m. ET, Alibaba stock is off 4.7%, Baidu 7%, and iQIYI 8.5%, and Futu Holdings is leading the sector lower with a 9.7% loss.

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