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• #DIDI LINKDOC US IPOTIMES FULL#

The popular Chinese fitness app Keep is backed by Japan’s SoftBank and China’s Tencent and was looking to raise $500 million, sources told FT. IPO endeavors as Beijing intensified its policing of technology platforms in China. Sources didi ximalaya linkdoc us ipotimes full#.Keep, Ximalaya, and LinkDoc call off their US IPO plans - PingWest English 中文 E-commerce platform Meicai, medical data solutions provider LinkDoc Technology and fitness app Keep are among the companies that have shelved their IPO plans. 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. EXCLUSIVE LinkDoc becomes first Chinese firm to shelve U.S. LinkDoc Technology Ltd., a Chinese medical data company, is seeking to raise money in a private fundraising, according to people familiar with the matter, after suspending plans for a July U.S. Chinese medical data startup LinkDoc Technology is planning to raise 500 million in an initial public offering (IPO), Bloomberg reported, citing sources. The fitness platform, backed by SoftBank and Tencent, was originally expected to raise up to $500 million in the IPO. IPO after Beijing's crackdown Chinese medical data group LinkDoc Technology Ltd (LDOC.O) has shelved plans for an IPO in the United States following Beijing's clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter.

Ximalaya, which had issued a prospectus in April, also canceled its US IPO in recent weeks.

“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, which due to price its shares on Thursday and expected to raise more than $200m, shelved its Nasdaq IPO plans this week. 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. On June 11, Beijing passed a new Data Security Law that regulates how companies collect, store and use data.

#DIDI 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 According to reporting by the Financial Times, other Chinese tech companies who. #Chinabased keep linkdoc us ipotimes full Chinese medical data group LinkDoc Technology has shelved plans for an IPO in the US amid the clampdown on overseas listings, Reuters reported Thursday, citing sources with direct knowledge of the. IPOs due to regulatory pressure include fitness tech company Keep. #Chinabased keep linkdoc us ipotimes full.