BILI - Alibaba continues gains after China downplays delisting fears analyst defense

Alibaba (NYSE:BABA) rose 9% at least partly after China's securities regulator said yesterday that reports that regulators are promoting firms dropping  their U.S. listings are “completely misleading." The China Securities Regulatory Commission said that is respectful of company's decisions to list their shares where the company desires, according to a Bloomberg report, which cited a statement from the regulator. The regulator also said that Chinese policies to regulate online platforms were targeted at curtailing monopolies and ensuring data security and not at a particular industry, according to the report. Citi analyst Alicia Yap also wrote that the Chinese Internet ADR sell-off on Friday appeared to be overdone as the de-listing of DiDi Global Inc. (NYSE:DIDI) was an isolated case. On Friday, Alibaba (BABA) fell to a 52-week-low amid what continues to be a slate of moves by the Chinese government to exert more influence over China's tech sector. Some of the big China tech stocks that fell

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Alibaba continues gains after China downplays delisting fears, analyst defense