Rumors circulated that Didi was planning to delist and go private but the company released a statement stating that was false. Ridehail platform Didi went public on June 30 on the New York Stock Exchange and days later was subjected to intense scrutiny and an onsite cybersecurity review by seven Chinese regulatory agencies.ĭidi’s $4.4 billion IPO debuted as the biggest stock sale by a Chinese company since Alibaba’s 2014 listing. Read more: Chinese Startups LinkDoc And Keep Suspend US IPO Plans Other Chinese firms like the truck-hailing app Full Truck Alliance and online recruiter Boss Zhipin have plans in the works for New York IPOs and are now being subjected to deepening scrutiny by regulators. In addition, at least five Chinese companies pulled IPO plans in China in the past few months. listing plans last month, as did podcast platform Ximalaya, medical data firm LinkDoc Technology and digital fitness platform Keep. The upcoming rules and the changing regulatory climate surrounding technology companies in China have caused a number of Chinese tech giants to pull planned IPOs in the U.S. See also: Chinese Watchdogs Tighten Tech Grip With New SAMR Rules The country is also developing a cross-ministry council that would be tasked with granting official approval for public listings in foreign markets, the sources said. The officials reportedly said firms that don’t collect sensitive data, such as pharmaceutical companies, will probably be green-lighted by regulators to move forward with public listings abroad, according to the sources.Ĭhina is in the midst of hammering out a set of new mandates that would essentially prohibit firms that collect and store reams of data from filing for U.S. Related: Parade Of Chinese US IPOs Turns Into A Deluge Of Delays According to Jefferies, 10 Chinese companies completed US IPOs in 2020, representing over 20 of the market excluding SPACs the highest percentage of US IPO issuance since 2010. The proposed regulations are still undergoing final review and the CSRC anticipates being able to implement the new laws near the fourth quarter, and until then, asked some firms to sit tight, the sources said. and other countries on the back burner, the sources said. The China Securities Regulatory Commission (CSRC) reportedly asked firms that collect a high volume of sensitive information to put plans for initial public offerings (IPOs) in the U.S. In the future, Ximalaya will give full play to its advantages in the audio field, continuously introduce high-quality IP and produce more excellent audio works.The main securities regulator in China is planning to bar some technology firms in the country from listing on public markets overseas, sources told The Wall Street Journal in a report on Friday (Aug. SEE ALSO: Chinese Digital Audio Platform Ximalaya Launches Audio Drama Based on League of Legends Excellent voice actors are invited to perform, and through superb dubbing, fine production and rich sound effects, the original Harry Potter is vividly restored, bringing listeners a deep listening enjoyment. This time, Ximalaya will work with Voicegem, a top Chinese dubbing institute. Harry Potter series was introduced into China in 2000. Today, the Harry Potter has been translated into more than 80 languages, won numerous awards and sold more than 500 million copies worldwide. Harry Potter is one of the best-selling book series in history. Pottermore Publishing is a global digital publisher of Harry Potter, the Fantastic Beasts series, and other audiobooks and e-books within the fantasy genre. It boasts rich experience in content production and channel distribution. In 2021, monthly active users reached 268 million. 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. Ximalaya is a popular online audio sharing platform in China. Shanghai-based Ximalaya, which filed publicly for the U.S. Meanwhile, the seven English audiobooks of the Harry Potter series will also go online on Ximalaya on June 21, bringing more choices for listeners. Chinese fitness app Keep, podcasting platform Ximalaya, medical solution provider LinkDoc reportedly canceled their US IPO plans after Didi debacle. From June 21, the first book in the series – Harry Potter and the Sorcerer’s Stone – will become available on Ximalaya, and the remaining six books will follow one after another in the future. With this cooperation, Ximalaya will present the full Chinese version of the Harry Potter book series. Chinese fitness app Keep, podcasting platform Ximalaya, medical solution provider LinkDoc reportedly canceled their US IPO plans after Didi debacle.Details: 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. Audio streaming platform Ximalaya announced a strategic partnership with Pottermore Publishing on Tuesday, which will give it the rights to Chinese audio recordings of “Harry Potter.”
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |