On the same day, Reuters reported that LinkDoc, a Chinese medical technology company, had also shelved its IPO plan. exchanges if they do not comply with U.S. 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. securities regulator began a rollout of rules that would exclude foreign companies from U.S. Solution: for every base (canvas) resolution you intend to use, use an extra profile+scene collection pair. The positions of the sources are not saved in percent of the base resolution, so it don't scale if you change the resolution, it gets messed up instead. 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. The sources that are outside the smaller resolution are moved into the visible area. "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 : Chinas largest online audio platform Ximalaya will file for its Hong Kong initial public offering (IPO) next week after dropping its plans to list in the United States, according to three sources with direct knowledge of the matter.The Shanghai-based company announced on Thursday it would not proceed with its U.S. 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. HONG KONG, July 8 (Reuters) - Chinese medical data group LinkDoc Technology Ltd (LDOC.O) has shelved plans for an IPO in the United States due to Beijing's clampdown on overseas listings by. The potential change of venue comes as China further tightens its ideological grip on private media and internet businesses amid China-U.S.
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. Shanghai-based Ximalaya, which filed publicly for the U.S.
The CAC and Ximalaya did not respond to requests for comment. Ximalaya’s revenue rose 55.5 in the first half of the year to 2.5 billion yuan (388 million), which was down a bit from the 65.2 revenue growth cited in the U.S. It will make a final decision about the listing venue within the next two weeks, they added. 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.
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