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China's crackdown on its biggest companies Issued on: 29/07/2021 - 05:52 Tech titan Tencent is among the many companies swept up in China's crackdown across multiple industries NOEL CELIS AFP/File 5 min Beijing (AFP) With market-trembling new rules and investigations, Beijing's crackdown on its most prominent companies has seeped into nearly every aspect of modern life, wiping billions of dollars from Chinese and Hong Kong-listed stocks and bamboozling investment sages. From after-school tutoring to music streaming apps, and shopping to bike-sharin...

Hello, which is backed by Ant Group, filed its prospectus for a New York listing on April 23, with a target of raising $100m.

Didi Chuxing, which dominates the ride-hailing market in China, unveiled plans for a potential $10 billion listing on U.S. markets late Thursday in a move that could open the floodgates for a wave of foreign IPOs over the coming months.

A bike-sharing platform, a podcaster and a cloud computing firm are among popular Chinese corporates holding off plans for a U.S. float, put off by recent market declines, souring investor sentiment toward fast-growth companies and lackluster debuts by peers like Waterdrop Inc. Hello Inc., Ximalaya Inc. and Qiniu Ltd. are postponing plans to take orders from investors, even though the three had filed paperwork with the Securities and Exchange Commission well over two weeks ago. In the U.S., companies can kick off their roadshows two weeks after filing publicly and most typically stick to that...

At least three Chinese companies have put their plans to list in the U.S. on hold, heralding a slowdown in what’s been a record start to a year for initial public offerings by mainland and Hong Kong firms. A bike-sharing platform, a podcaster and a cloud computing firm are among popular Chinese corporates holding off plans for a U.S. float, put off by recent market declines, souring investor sentiment toward fast-growth companies and lackluster debuts by peers like Waterdrop Inc. Hello Inc., Ximalaya Inc. and Qiniu Ltd. are postponing plans to take orders from investors, even though the ...