IPO plans following Beijing’s crackdown on overseas listings. It pulled its listing plan at the last moment blaming market volatility, Bloomberg News reported in July, with the firm becoming the first known Chinese aspirant to halt its U.S. ![]() The New York Times reported earlier on TikTok’s response. LinkDoc was slated to raise as much as 211 million from the U.S. The lawmakers said in the letter that TikTok and its parent “are using their access to a treasure trove of US consumer data to surveil Americans.” TikTok owner Bytedance, social e-commerce platform Xiaohongshu, fitness app Keep and medical data company LinkDoc Technology have all either shelved or scrapped plans to list in New York. Sources: after the Didi crackdown, China-based fitness app Keep, podcasting platform Ximalaya, medical data analytics startup LinkDoc pause their US IPO. LinkDoc was slated to raise as much as 211 million from the U.S. A representative for LinkDoc did not immediately respond to requests for comment. Several senators in a letter dated Monday cited a report in BuzzFeed News that said TikTok’s US consumer data were accessed by company engineers in China. Deliberations are ongoing and no decision has been reached, they said, adding the plan and details of the pre-IPO round and the Hong Kong IPO could still change. Americans need to know if they are on TikTok, communist China has their information,” Blackburn said. “The Chinese-run company should have come clean from the start, but it attempted to shroud its work in secrecy. ![]() “TikTok’s response confirms our fears about the CCP’s influence in the company were well founded,” US Senator Marsha Blackburn told Bloomberg on Friday. TikTok is also shifting its platform to Oracle’s cloud infrastructure, which means the app and the algorithm would be accessed and deployed for US users from domestic data centers. HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing's clampdown on overseas listings by domestic firms. HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijings clampdown on overseas. pull out of a debut after Chinas government cracked down on overseas listings. ![]() The new effort, called “Project Texas,” includes physically storing US information in data centers on US servers owned by software giant Oracle Corp. Bloomberg Alibaba Health-Backed LinkDoc Shelves U.S.
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