Good news for BABA
“PCAOB Signs Agreement with Chinese Authorities, Taking First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in China”
https://pcaobus.org/news-events/news-releases/news-release-d…
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Next step is PCAOB making a decision in December. It’s going be interesting. If they give a thump up, people can trust the accounting of many Chinese ADRs and this will be quite bullish.