FYI, Interactive Brokers charge $500 and 5 cents/per share to convert BABA ADR to BABA shares listed in Hong Kong.
Delisting is not a big deal in my opinion. Certainly, price would drop significantly in short-term.
But it’s the business fundamentals that count in the long term.
…and whether you own them with enough reliability to benefit from those fundamentals.
So, two big hurdles to keep an eye on.
Jim