Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) got some respite from the lingering fears of delisting following a preliminary audit agreement between the United States and China. The good news for BABA stock investors gets even better as the e-commerce giant has been selected among others in the first batch of Chinese companies for audit inspection in Hong Kong beginning in September, per a Reuters report.  The latest breakthrough agreement enables the U.S. audit watchdog, the Public Company Accounting Oversight Board (PCAOB), to audit the working financial statements of U.S.-listed Chinese companies in mainland China and Hong Kong.
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