CompaniesBIO

Chinese e-commerce giant Alibaba was one of the 100 over companies that had faced the risk of delisting in the U.S. in 2024 if their audit information was not made available to PCAOB inspectors. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Investors could regain the confidence to put their money in Chinese tech stocks as these companies avoid delisting from U.S. stock exchanges and the Chinese government pledges policy support , according to one invest ment manager . Last week, U.S. accounting watchdog the Public Company Accounting Oversight Board said it gained full access to inspect and invest igate Chinese companies for the first time, after China finally granted the U.S. access in August. related investing news Is China set for a rebound in 2023? Wall Street pros weigh in — and reveal how to trade it Zavier Ong a day ago More than 100 Chinese tech companies such as Alibaba , Baidu and JD.com  had faced the risk of delisting in the U.S. in 2024 if their audit info...

The crypto giant FTX and its affiliated companies have started the process of filing for Chapter 11 bankruptcy , with founder Sam Bankman-Fried stepping down as CEO. The filing represents a staggering turn for the cryptocurrency exchange, once reportedly valued at $32 billion and seen as the face of the industry thanks to its voluminous marketing and advertising efforts. The resignation of Bankman-Fried, 30, is stunning. He was a crypto wunderkind who graced the cover of Forbes and Fortune and had emerged as a major Democratic donor and a leader of what has been dubbed the "effective altruism" movement, which sought to reshape philanthropy. Over the past week, the exchange faced the equivalent of a bank run as observers and customers called into question whether the exchange was both liquid — meaning it could come up with currency on demand to pay customers looking to withdraw funds — and solvent, meaning its loans and investments were worth more than its debts. "I want...