Suspendisse at nisi nec neque dignissim iaculis ut id quam. Aliquam convallis lorem sapien, sit amet vehicula dui volutpat id. Last week, citing concerns over national data security, China’s Cyberspace Administration of China initiated a review of Didi, Full Truck, and Boss Zhipin, three recent US-listed technology companies On June 11, Beijing passed a new Data Security Law that regulates how companies collect, store and use data. Sources didi ximalaya linkdoc us ipotimes Im Brooke Integer vel sapien id nisi gravida sodales. Chinabased keep linkdoc us ipotimes full. IPOs due to regulatory pressure include fitness tech company Keep. Hello Travel, Ximalaya and Linkdoc all canceled their plans to go public in the United States. Chinabased keep linkdoc us ipotimes full Chinese medical data group LinkDoc Technology has shelved plans for an IPO in the US amid the clampdown on overseas listings, Reuters reported Thursday, citing sources with direct knowledge of the. LinkDocs decision to suspend its 211 million IPO, first reported by Reuters, is likely to be followed by others, analysts said, although they noted that U.S. The Alibaba-backed company offers a repository of big data for the healthcare industry such as clinical trials, AI diagnosis, and management.Ĭontext: Data security and cyber sovereignty are also what China emphasis in recent years. In late June, Didi found itself the subject of a national security and public interest investigation by China’s cybersecurity watchdog two days after its US IPO. LinkDoc, which due to price its shares on Thursday and expected to raise more than $200m, shelved its Nasdaq IPO plans this week. “After communication with the relevant regulators, Ximalaya understands that a Hong Kong listing would be regarded as a preferred outcome,” people with knowledge of the matter told Financial Times. Sources told Reuters that LinkDoc was in the midst of filing for a 211 million initial public offering (IPO) in New York but scrapped the plans after Beijing pulled Didi from app stores and from. Ximalaya, which had issued a prospectus in April, also canceled its US IPO in recent weeks. Read more: Chinese Startups LinkDoc And Keep Suspend US IPO Plans. The fitness platform, backed by SoftBank and Tencent, was originally expected to raise up to $500 million in the IPO. Keep, Ximalaya, and LinkDoc call off their US IPO plans J9:17 pmĬhinese fitness app Keep, podcasting platform Ximalaya, medical solution provider LinkDoc reportedly canceled their US IPO plans after Didi debacle.ĭetails: Keep did not go ahead with its planned public filing while its bankers at Morgan Stanley canceled marketing meetings with investors this week, Financial Times reported, citing people familiar with the matter.
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