12/22/2023 0 Comments Chinabased keep ximalaya linkdoc us![]() exchanges if they do not comply with U.S. listing plans and opt for Hong Kong instead, with one source at the time citing Beijing's concerns that U.S. securities regulator began a rollout of rules that would exclude foreign companies from U.S. LinkDoc’s IPO delay also comes as regulators in Beijing are planning rule changes that would allow them to block a Chinese. Chinabased keep linkdoc us ipotimes regulators will potentially gain more access to audit documents of New York-listed Chinese companies.nalysts also note the tougher stance coincides with new U.S. regulators will potentially gain greater access to audit documents of Chinese companies listed in New York, notably those that involve massive user or national data. It is the first Chinese firm known to have pulled back from IPO plans since China's cybersecurity regulator toughened its approach to oversight last week with an investigation into ride-hailing giant Didi Global Inc just two days after its New. "Domestic regulators have become more uncomfortable with Chinese media, content firms which operate in the country and obtain voluminous user data, but are incorporated offshore and now seek overseas listings," one of the sources said.Īnother of the sources said that the Ximalaya move also comes amid Beijing's growing concerns that U.S. HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing's clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter. Cras, dapibus ac facilisis in, meet head chef - Donte Owens. The Alibaba-backed medical-data firm, which filed for its IPO in June, was set to price. Praesent commodo cursus magna, vel scelerisque nisl consectetur et. tensions.Ĭhina's ruling Communist Party (CCP) has long maintained a tight grip over ideology and propaganda, especially over state media which it can use to assert its authority. LinkDoc has suspended plans for a US IPO, the first to do so after Beijing's crackdown, Reuters reported. The potential change of venue comes as China further tightens its ideological grip on private media and internet businesses amid China-U.S. On the same day, Reuters reported that LinkDoc, a Chinese medical technology company, had also shelved its IPO plan. ![]() IPO in late April, has started pre-marketing the float since early May and looked to raise about $500 million, said two of the sources. The Financial Times reported on Thursday that Keep, a Chinese sports-oriented social platform, and Ximalaya, the largest podcast platform in China, have both cancelled previous IPO plans in the United States during recent weeks. Shanghai-based Ximalaya, which filed publicly for the U.S. The CAC and Ximalaya did not respond to requests for comment. ![]() With this cooperation, Ximalaya will present the full Chinese version of the Harry Potter book series. It will make a final decision about the listing venue within the next two weeks, they added. Audio streaming platform Ximalaya announced a strategic partnership with Pottermore Publishing on Tuesday, which will give it the rights to Chinese audio recordings of Harry Potter.
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