
fell by 30% from its second quote in the offshore Chinese city in March. TikTok rival Kuaishou Technology, which made the world’s largest share sale in 2021, fell 17 percent last week while New York-based Baidu Inc. The Hong Kong-based delivery company, backed by Tiger Global, has filed a confidential IPO in the United States, Bloomberg reported on June 24.īeijing’s restrictions on the technology sector are already affecting even companies trading in Hong Kong. SoftBank Group Corp-backed Chinese fitness app Keep has chosen not to continue filing in the United States, according to the Financial Times, and e-commerce startup Meicai has also maintained its floating regime, the South China Morning Post reported on July 9.Īpart from ByteDance, another closely watched listing with a prospectus in the United States is Lalamove, known as Huolala on the Continent. circumvent foreign property restrictions.Īccording to media reports, LinkDoc is not the only deal that has been delayed. days after its announcement in the United States and limited the ability of technology companies to raise capital through variable interest rate structures that allowed Chinese companies in sensitive industries such as Didi and Alibaba Group Holding Ltd. These restrictions came as authorities ordered online stores to remove apps from recently listed giant Didi Global Inc. This came just after Beijing said on Tuesday that the rules for registering abroad would be reviewed and publicly traded companies would be held accountable for protecting their data. failed to meet the planned IPO, which could have raised $ 211 million, with people familiar with the deal citing market volatility. Last week, medical data firm LinkDoc Technology Ltd. This is the highest value for such a period from year to year and almost exceeds the year-round sum for 2020.


So far this year, 37 Chinese companies have ranked in the United States and raised a total of about $ 13 billion, according to Bloomberg. and Qiniu Ltd., which put their plans on hold in May.
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Last week, a medical data company, fitness app and e-commerce platform postponed plans to go public in the United States as Beijing cracked down on technology and data-rich companies.

(Bloomberg) – China’s repression of initial public offerings in the United States by its companies has put potential listings at risk.
