Sources didi chinabased keep ximalaya linkdoc professional#
It offers users a platform to access free or paid content from roughly 5.2 million professional or amateur content creators. 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. The other underwriters Morgan Stanley (MS.N) and CICC (3908.HK) did not respond to requests for comment. Goldman Sachs (GS.N) and Bank of America (BAC.N)，two underwriters on Ximalaya's IPO, declined to comment. "The CAC thought Hong Kong would be better for ideological platforms such as Ximalaya," said a third person. exchanges if they do not comply with U.S. has filed for a New York IPO, becoming the latest in a new generation of Chinese companies trying to tap demand for higher quality health care services to supplement the basic care received under the country’s national health plan. securities regulator began a rollout of rules that would exclude foreign companies from U.S. Money-losing medical services provider LinkDoc Technology Ltd. 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. "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.
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