Podcasting platform Ximalaya shelves planned US IPO as Beijing tech crackdown continues

//Podcasting platform Ximalaya shelves planned US IPO as Beijing tech crackdown continues

Podcasting platform Ximalaya shelves planned US IPO as Beijing tech crackdown continues

Ximalaya, China’s biggest podcasting platform, has withdrawn its planned initial public offering (IPO) in the United States, becoming the latest technology firm to step back from plans to go public overseas amid Beijing’s crackdown on the sector.The Tencent Holdings-backed online audio streaming platform filed for an IPO in April, but found itself caught in a shifting regulatory landscape in China that has seen regulators implement a number of new rules targeting technology firms, including…

Article by [author-name] (c) Big Tech - South China Morning Post - Read full story here.

By | 2021-09-10T04:34:53+00:00 September 10th, 2021|Technology|Comments Off on Podcasting platform Ximalaya shelves planned US IPO as Beijing tech crackdown continues