US Lawmakers Urge SEC to Delist Alibaba, Baidu Over Security Risks

Republican lawmakers are urging the U.S. Securities and Exchange Commission (SEC) to delist major Chinese companies such as Alibaba, Baidu, JD.com, and Weibo from American stock exchanges, citing concerns over national security and alleged ties to the Chinese military. They argue these firms, despite their commercial appearance, ultimately serve the strategic interests of the Chinese Communist Party, posing risks to both U.S. investors and national security. The lawmakers referenced the SEC's authority under the Holding Foreign Companies Accountable Act to enforce such delistings. This push comes amid persistent U.S.-China tensions and growing bipartisan concerns about the influence and transparency of Chinese tech giants in American markets. The potential delisting could significantly impact global markets, given that over 100 Chinese firms listed in the U.S. have a combined market capitalization of about $1 trillion. Neither the SEC nor the companies named have responded to these calls, while China has indicated it is considering renewed talks with the U.S. on trade issues.