![]() ![]() On the same day, Reuters reported that LinkDoc, a Chinese medical technology company, had also shelved its IPO plan. The firm has now canceled its listing plans due to a weak response from potential. On May 1, Ximalaya submitted an IPO application to the SEC, with Goldman Sachs, Morgan Stanley, Bank of America and CICC acting as joint underwriters. On May 12, LinkDoc was reported to be planning an IPO, cooperating with Bank of America, CICC and Morgan Stanley, possibly raising about $500 million in the process. At the end of the month, IFR reported that Keep, supported by SoftBank and Tencent, also intended to go to the United States for an IPO, raising $500 million. Pandaily previously reported that LinkDoc had originally prepared to list on the Nasdaq on July 9, under ticker symbol “LDOC,” where it planned to issue 10.8 million American Depository Shares (ADS). Each ADS is equivalent to four common shares, with the issue price ranging from $17.5 to $19.5.Īccording to CareerIn, citing people familiar with the matter, in the future overseas listings of Chinese companies, including offshore entities, will increasingly be brought under the supervision of China Securities Regulatory Commission. In July, 2021, Chinese authorities issued a circular calling for the removal of the “Didi Chuxing” app, then carried out network security reviews on “Yunmanman,” “Huochebang” and “BOSS Zhipin” to ensure accordance with the law. The developments have already had a strong impact on other companies preparing to list publicly in the United States. Ximalaya will celebrate its eighth birthday in 2020. SEE ALSO: Didi’s Mini Programs Removed from WeChat and Alipay, Affecting Its Business Prior to this, on June 11 government officials tested the collection and use of personal information by a range of widely-used apps,notifying 129 of them, including Keep, of their illegal harvesting and use of user data. Ximalaya FM is the largest online audio service platform in China. Keep is a fitness app with various social networking attributes, and has amassed more than 200 million users. Ximalaya, or Xima FM, is a professional audio sharing platform used widely in China, which provides consumers with best-selling international audio books, English courses taught by world-renowned professors, Chinese courses for industry experts, and more. The platform currently boasts more than 400 million registered users. Pandaily previously reported that Didi was officially listed on the NYSE on the evening of June 30, under ticker symbol “DIDI”. The ride-hailing firm’s IPO price was set at $14 per share, raising at least $4.4 billion, and closed up 15.98% to reach $16.4 the next day, with a market value of $78.6 billion. ![]() However, less than 48 hours after its listing, Didi was reviewed by Chinese authorities on the grounds of preventing national data security risks and safeguarding public interests. Just one day later, the government announced that the “Didi Chuxing” app had been removed from digital stores due to alleged illegal collection and use of personal information.Ximalaya will celebrate its eighth birthday in 2020. As a pioneer and practitioner of the 'listening economy,' Ximalaya has diversified the audio industry and built an audio ecosystem where people are encouraged to share content. Since the rise of the 'listening economy' the new profession of the audio anchor has become a normal part of musical culture online. In the past eight years, the number of anchors on Ximalaya has come to exceed 10 million – their real life vocations range from product managers to housewives. This year's COVID-19 has brought more and more people onto Ximalaya. The Financial Times reported on Thursday that Keep, a Chinese sports-oriented social platform, and Ximalaya, the largest podcast platform in China, have both cancelled previous IPO plans in the United States during recent weeks. They share knowledge, interests and experiences – ultimately seeking emotional companionship on the platform. The development of audio novels, radio dramas, paid listening courses and other products on Ximalaya has provided users with novel ways of entertainment and learning. Because of this colorful content, the time spent on Ximalaya has greatly increased. Jianjun Yu, the founder of Ximalaya, said that Ximalaya will continue providing good voice and qualified content for users to satisfy their personal needs through technology. ![]() This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading.Every day we publish hundreds of headlines on any catalyst that could move the. On the other hand, Ximalaya will provide innovative products and business service models for host broadcasting, together to build an audio content model and promote the rapid development of the new online economy. ![]()
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