Get our weekly free Must-Read newsletter. listing plans on hold.Ĭontact editor Michael Bellart our app to receive breaking news alerts and read the news on the go. Others such as social media and e-commerce site Xiaohongshu, or Little Red Book, have put U.S. On-demand logistics and delivery firm Lalamove has also contemplated a similar move. IPO to Hong Kong, Bloomberg News reported last month. J&T Express, an Indonesian courier company with significant operations in China, is weighing moving its planned U.S. and China have cast doubt on the plans of a slew of companies seeking to raise capital in New York from share sales. Its investors, besides Alibaba Health, include MBK Partners, New Enterprise Associates and Temasek Holdings Pte., according to the preliminary filing in the U.S. Beijing-based LinkDoc could revisit its listing plans when market conditions improve.įounded in 2014, LinkDoc provides cancer focused health-care services built on big data and artificial intelligence, its website shows. Financial numbers in CNY Financial Statements. China is moving to plug regulatory gaps with new rules requiring nearly all companies seeking to list abroad to undergo a cybersecurity review. In 2020, Ximalaya's revenue was 4.05 billion, an increase of 51.29 compared to the previous year's 2.68 billion. 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. 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. The firm, which is backed by Alibaba Health Information Technology Ltd., is considering raising between. 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. (Bloomberg) LinkDoc Technology Ltd., a Chinese medical data company, is seeking to raise money in a private fundraising, according to people familiar with the matter, after suspending plans for a July U.S. The fundraising comes as the firm is weighing a Hong Kong initial public offering, the people said. The firm, which is backed by Alibaba Health Information Technology Ltd., is considering raising between $200 million and $300 million, said one of the people, who asked not to be identified discussing private information. (Bloomberg) - LinkDoc Technology Ltd., a Chinese medical data company, is seeking to raise money in a private fundraising, according to people familiar with the matter, after suspending plans for a July U.S.
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