Diante dos possíveis efeitos da remoção do aplicativo Didi, Chinese Companies Keep, Ximalaya e LinkDoc cancelam planos de IPO nos EUA. The audio giant reports that it has 400 million app downloads and was valued at RMB 24 billion (around $3.4 billion) in August 2018, according to KrAsia. Nvidia rumored to launch RTX 4090 first, RTX 4080 and RTX 4070 to observe. The investment in the San Francisco-based startup marks an increased push from the audio platform to extend its reach beyond China, where it wants to bring a Chinese-business model into the well-developed podcasting industry in the US and perhaps trial its in-app features.It will make a final decision about the listing venue within the next two weeks, they added. The CAC and Ximalaya did not respond to requests for comment. Shanghai-based Ximalaya, which filed publicly for the 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 potential change of venue comes as China further tightens its ideological grip on private media and internet businesses amid China-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. "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. 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. securities regulator began a rollout of rules that would exclude foreign companies from U.S. exchanges if they do not comply with U.S. "The CAC thought Hong Kong would be better for ideological platforms such as Ximalaya," said a third person. Goldman Sachs (GS.N) and Bank of America (BAC.N),two underwriters on Ximalaya's IPO, declined to comment. The other underwriters Morgan Stanley (MS.N) and CICC (3908.HK) did not respond to requests for comment. The Yangzhou-based medical device maker filed a preliminary prospectus with. Ximalaya had about 250 million monthly active users, nearly a fifth of China's population, in the first quarter of 2021, according to its IPO prospectus. as well as podcast platform Ximalaya, to call off their U.S. It offers users a platform to access free or paid content from roughly 5.2 million professional or amateur content creators. #CHINABASED XIMALAYA LINKDOC PROFESSIONAL#
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