#DIDI CHINABASED KEEP XIMALAYA LINKDOC FULL#

“This is not about the Chinese people, and it’s certainly not about Chinese Americans.

For generations, people have journeyed from China to the United States to secure the blessings of liberty for themselves and their families-and our society is better for their contributions,” he added.Keep, Ximalaya, and LinkDoc call off their US IPO plans - PingWest English 中文 Every year, the United States welcomes more than 100,000 Chinese students and researchers into this country. 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. The fitness platform, backed by SoftBank and Tencent, was originally expected to raise up to $500 million in the IPO. 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.

#DIDI CHINABASED KEEP XIMALAYA LINKDOC 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 On June 11, Beijing passed a new Data Security Law that regulates how companies collect, store and use data.

Didi chinabased keep ximalaya linkdoc