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May 5, 2022, 3:32 a.m. EDT

JD.com, Nio, XPeng and Pinduoduo added to list of Chinese companies at risk of expulsion from U.S. exchanges

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By Steve Goldstein

The Securities and Exchange Commission has added popular U.S.-listed Chinese companies including JD.com /zigman2/quotes/205122565/composite JD +2.86% , Pinduoduo /zigman2/quotes/208876581/composite PDD -3.26% and NetEase /zigman2/quotes/201683625/composite NTES +1.83% to its list of companies facing expulsion from U.S. exchanges over access to audit inspections.

Other companies added included Aluminum Corp. of China /zigman2/quotes/208051344/composite ACH +2.72% , Tencent Music Entertainment /zigman2/quotes/205527956/composite TME -3.63% , and electric vehicle makers Nio /zigman2/quotes/204905836/composite NIO -2.82% and Xpeng /zigman2/quotes/219982686/composite XPEV -1.66% .

The full list of companies at risk of delisting is here.

The largest U.S.-listed Chinese company by market capitalization, internet services giant Alibaba /zigman2/quotes/201948298/composite BABA +1.03% , has yet to be added to the list.

U.S. regulators are seeking to block trading in companies whose auditors cannot be inspected by the Public Company Accounting Oversight Board for three consecutive years. The PCAOB requires Chinese permission to review the audit documents, and so far, China has refused to allow the inspections.

According to the China Securities Regulatory Commission, there’s been progress on talks with the U.S., and it called an earlier round of the U.S. adding companies to the potential delisting process a “procedural step.”

The Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +2.35% , where some of the U.S.-listed Chinese companies also have listings, rose 0.4% in late trading on Thursday.

/zigman2/quotes/205122565/composite
US : U.S.: Nasdaq
$ 65.84
+1.83 +2.86%
Volume: 9.20M
June 27, 2022 11:52a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$98.60 billion
Rev. per Employee
$399,673
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/zigman2/quotes/208876581/composite
US : U.S.: Nasdaq
$ 63.81
-2.15 -3.26%
Volume: 7.03M
June 27, 2022 11:52a
P/E Ratio
43.93
Dividend Yield
N/A
Market Cap
$82.67 billion
Rev. per Employee
$1.53M
loading...
/zigman2/quotes/201683625/composite
US : U.S.: Nasdaq
$ 95.31
+1.71 +1.83%
Volume: 1.10M
June 27, 2022 11:52a
P/E Ratio
24.36
Dividend Yield
1.24%
Market Cap
$54.42 billion
Rev. per Employee
$440,726
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/zigman2/quotes/208051344/composite
US : U.S.: NYSE
$ 9.82
+0.26 +2.72%
Volume: 32,181
June 27, 2022 11:51a
P/E Ratio
8.85
Dividend Yield
0.96%
Market Cap
$10.82 billion
Rev. per Employee
$696,443
loading...
/zigman2/quotes/205527956/composite
US : U.S.: NYSE
$ 4.78
-0.18 -3.63%
Volume: 12.59M
June 27, 2022 11:52a
P/E Ratio
18.92
Dividend Yield
N/A
Market Cap
$8.11 billion
Rev. per Employee
$784,948
loading...
/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 23.40
-0.68 -2.82%
Volume: 37.12M
June 27, 2022 11:52a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$40.20 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/219982686/composite
US : U.S.: NYSE
$ 34.71
-0.59 -1.66%
Volume: 6.03M
June 27, 2022 11:52a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$29.41 billion
Rev. per Employee
$284,675
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/zigman2/quotes/201948298/composite
US : U.S.: NYSE
$ 118.83
+1.21 +1.03%
Volume: 13.86M
June 27, 2022 11:52a
P/E Ratio
38.78
Dividend Yield
N/A
Market Cap
$309.28 billion
Rev. per Employee
$528,633
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,229.52
+510.46 +2.35%
Volume: 2.99M
June 27, 2022 4:08p
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