The United States can be crossed off that list now. Reuters reported earlier this year that the TikTok owner was considering a mammoth listing in New York or Hong Kong read more. That puts ByteDance and other companies mulling going public in a tough spot. was discouraging New York listings by Chinese firms, saying most. Costfoto / Barcroft Media via Getty Images Beijing is stepping up its review of ridesharing giant Didi Global, announcing on Friday that seven government departments have jointly launched an on-site cybersecurity investigation against the company. later this year, a review of the filings showed. The bottom line was that Ximalaya was one of about a half dozen Chinese firms to file for U.S. Didi’s headquarters in Xisanqi, Haidian District, Beijing, China on August 2020. LinkDoc, which was slated to price its IPO on Thursday for a listing on the Nasdaq, now has second thoughts, according to Reuters. Sources keep linkdoc us ipotimes The tougher stance by the Cybersecurity Administration of China has been driven in part by concerns that the United States could gain greater access to data owned by Chinese firms - similar to concerns that the previous Trump administration had voiced about Chinese firms operating in the United States. It began last week when the Cyberspace Administration of China said it was investigating Didi Global (DIDI.N) just days after the ride-hailing giant went public on the New York Stock Exchange read more. ![]() ![]() Beijing’s new sweeping mandate to intensify scrutiny of overseas IPOs puts many more at risk read more. But others that hold less sensitive information, like fitness app Keep and podcasting platform Ximalaya, have also given up on a U.S. ![]() It's easy to see why the medical data firm might be exactly the kind of local startup Chinese regulators don't want to go public in the United States. RoboSense, a Chinese developer of sensor technologies used in self-driving cars, decided to list in Hong Kong instead, following others like Lalamove and Xiaohongshu.WASHINGTON, July 8 (Reuters Breakingviews) - LinkDoc Technology is pulling its U.S. IPO plans, including health-care firm LinkDoc Technology Ltd., bike-sharing company Hello Inc. The chill in overseas IPOs from Chinese tech firms could be a boon for Hong Kong. Meanwhile, other companies were said to have shelved or delayed their U.S. One of the sources said the regulatory uncertainty affected both the company and investors. This follows moves by a string of Chinese companies, including medical data group LinkDoc Technology and bike sharing operator Hello, both backed by Alibaba. stock will be convertible into freely tradable shares on another internationally recognized stock exchange. The decision to pull the LinkDoc deal was due to the crackdown, the sources said. ![]() 2 that it will file for a delisting of its American depositary shares from the New York Stock Exchange and start work on a Hong Kong share sale. Chinese fitness app Keep, podcasting platform Ximalaya, medical solution provider LinkDoc reportedly canceled their US IPO plans after Didi debacle. Shareholders sued the company, as well as its directors and underwriters, claiming Didi failed to disclose talks it was having with Chinese authorities about its compliance with cybersecurity laws. Didi’s share price fell as much as 25% on the first trading day after that. Days after Didi’s IPO, China’s cybersecurity regulator told app stores to remove the company’s app, citing serious violations on the collection and usage of personal information.
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