
KEEP, a Chinese fitness application company, has announced that it has cancelled its IPO plan to the United States (Photo: AFP) Listing plan, and will face a downward valuation. They did not have the conditions for listing, and it was difficult to separate TikTok from China and international businesses. Under the intervention of Chinese supervision, more and more Chinese companies abandon their initial public offering (IPO) plans in the United States.Įarlier this week, foreign media reported that the Chinese social platforms Douyin and TikTok’s parent company ByteDance were unable to comply with US-China regulatory requirements. The State Council of China issued a statement on Tuesday that China is considering revising the rules for overseas listing of Chinese companies focusing on technology stocks, and will strengthen restrictions on cross-border data flow and security. Less than two days after Didi’s listing in the United States, China announced that it would conduct a cyber security review of Didi and request that the app be removed from the app, and new users are not allowed to register. Note: We do not offer technical support for developing or debugging scripted downloading processes.After Didi Chuxing was forcibly removed from the shelves for rectification, on Thursday (8th) Chinese fitness app KEEP and medical data company LinkDoc Technology both retreated from listing in the United States. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.


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