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IWS Documented News Service

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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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U.S.-China Economic and Security Review Commission (USCC)

Staff Report

Original Publication: June 18, 2014

Addendum Added: September 12, 2014

 

The Risks of China’s Internet Companies on U.S. Stock Exchanges [with added Addendum] [12 September 2014]

By Kevin Rosier Policy Analyst, Economics and Trade

http://www.uscc.gov/Research/risks-china%E2%80%99s-internet-companies-us-stock-exchanges-addendum-added-september-12-2014

or

http://origin.www.uscc.gov/sites/default/files/Research/The%20Risks%20of%20China%E2%80%99s%20Internet%20Companies%20on%20U.S.%20Stock%20Exchanges%20-%20with%20Addendum.pdf

[full-text, 17 pages]

 

Summary:

In May 2014, Alibaba, China’s leading e-commerce website, filed for a U.S.-based initial public offering (IPO) in what is expected to be one of the largest in U.S. history. The highly anticipated IPO will be just one in a recent wave of Chinese Internet companies launching IPOs in the United States. The trend has raised some misgivings among U.S. regulators about the corporate structures of these companies. To bypass Chinese government restrictions on foreign investment in the Internet sector, Chinese Internet companies use a complex and highly risky mechanism known as a Variable Interest Entity (VIE). An addendum was added to this paper on September 12, 2014.

 

- See more at: http://www.uscc.gov/Research/risks-china%E2%80%99s-internet-companies-us-stock-exchanges-addendum-added-september-12-2014#sthash.BqS4fhYs.dpuf

 

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