The new rules could impact Chinese technology firms such as TikTok owner ByteDance and on-demand logistics and delivery firm Lalamove, which are considering IPOs. Insurance Companies With Fewer Than 50 Employees (Top 10K) 8,607 Number of Organizations 14.6B Total Funding Amount 4,069 Number of Investors. Since then, it has been reported that Chinese fitness app Keep and vegetable start-up Meicai have both scrapped their US listing plans. LinkDoc Technology, which is a China-based company that leverages sophisticated data technologies for oncology patients, was expected to pull off its IPO last week. On Thursday, Beijing-based LinkDoc Technology became the first company known to have shelved an IPO in the wake of the newly proposed changes. On the same day, Reuters reported that LinkDoc, a Chinese medical technology company, had also shelved its IPO plan. LinkDoc Technology Limited is a leading oncology big data company. 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. The State Council said on Tuesday that rules for overseas listings will be revised while publicly traded firms will be held accountable for keeping their data secure.Įven before the rules were announced, some companies that had planned to list in New York pulled their IPOs. Qichacha delivers data and analytics on China-based private and public companies to. The authorities have accelerated a crackdown on overseas listings after Didi was said to have push ahead with its debut in June despite being asked to delay the plans as early as three months ago. BEIJING (BlOOMBERG) - China has proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cyber-security review, a move that would significantly. "The one-million-user threshold is very low and would basically apply to every Internet company aspiring for an IPO." The information and contents contained in this app/website are based on the analyses and interpretations of publicly available information obtained from sources.
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