Alibaba and Netease selected in the first batch for US Audit Inspection

After a decade-long standoff over the access to audit papers for Chinese companies listed in New York, 

US regulators selected Netease Inc. and Alibaba Group Holding Ltd. to be part of the first round of inspections.

According to two sources with direct knowledge, other firms were also selected, 

including Inc., Baidu Inc. and Yum China Holdings Inc. One person said that the 

US Public Company Accounting Oversight Board requested materials from the most recent financial year. 

This list is subject to change. The PCAOB did not immediately respond to a request outside of normal business hours.

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