#DIDI CHINABASED XIMALAYA LINKDOC US IPOTIMES FULL#
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. listing in favor of Hong Kong earlier this year. Chinese regulators are said to have pressured Ximalaya to drop its 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. LinkDoc Technology, a health care technology firm, and Ximalaya, a platform for audio sharing, have also reportedly delayed their U.S. 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. LinkDoc’s move comes after the US market debut of Chinese ride-hailing operator Didi Global, which raised 4.4 billion in one of corporate China’s biggest New York IPOs in years, was rocked by intervention by Beijing. Ximalaya, which had issued a prospectus in April, also canceled its US IPO in recent weeks. Linkdoc, which is backed by Alibaba Health Information, had been due to price the deal today, determining how much money it would raise. 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.
Keep, Ximalaya, and LinkDoc call off their US IPO plans - PingWest English 中文
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