sources didi chinabased ximalaya linkdoc

regulators will potentially gain greater access to audit documents of Chinese companies listed in New York, notably those that involve massive user or national data. Didi was most recently valued at 62 billion following an August fundraising round, according to PitchBook data. 'Domestic regulators have become more uncomfortable with Chinese media, content firms which operate in the country and obtain voluminous user data, but are incorporated offshore and now seek overseas listings,' one of the sources said.Īnother of the sources said that the Ximalaya move also comes amid Beijing's growing concerns that U.S. tensions.Ĭhina's ruling Communist Party (CCP) has long maintained a tight grip over ideology and propaganda, especially over state media which it can use to assert its authority. The potential change of venue comes as China further tightens its ideological grip on private media and internet businesses amid China-U.S. 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. The inaccurate figure was later repeated by Himalaya’s CEO, Yu. We aggregate information from all open source repositories. That’s where the 100 million came from, Selah says. We have collection of more than 1 Million open source products ranging from Enterprise product to small libraries in all platforms. Shanghai-based Ximalaya, which filed publicly for the U.S. Selah suggested the higher figure, and he says Vincer went with it. Sources: after the Didi crackdown, China-based fitness app Keep, podcasting platform Ximalaya, medical data analytics startup LinkDoc pause their US IPO plans (Financial Times) Close. The CAC and Ximalaya did not respond to requests for comment. China is pressing the country's largest online audio platform Ximalaya to drop plans to list in the United States and go for Hong Kong instead, three people with knowledge of the matter said, showing how the authorities are seeking to further tighten their grip over private media and internet businesses.

Sources didi chinabased ximalaya linkdoc