China’s tech crackdown thwarts Pony.ai’s US listing plans, insiders say

//China’s tech crackdown thwarts Pony.ai’s US listing plans, insiders say

China’s tech crackdown thwarts Pony.ai’s US listing plans, insiders say

Autonomous driving start-up Pony.ai has put on hold plans to go public in New York through a merger with a blank-cheque firm at a US$12 billion valuation, after it failed to gain assurances from Beijing that it would not become a target of a crackdown against Chinese technology companies, people familiar with the matter said.The decision makes Pony.ai one of the biggest companies to suspend its US listing plans after China banned ride-sharing giant Didi Global Inc from signing up new users just…

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By | 2021-08-11T19:59:52+00:00 August 11th, 2021|Technology|Comments Off on China’s tech crackdown thwarts Pony.ai’s US listing plans, insiders say