The Digital Source For China's Tech Innovation Since 2000

Search
Close

Chinese Bike-Sharing Startup Hello Scraps Plans for U.S. IPO

July 28, 2021
Source: bnnbloomberg.ca bnnbloomberg.ca
News Snapshot:
(Bloomberg) -- Chinese bike-sharing giant Hello Inc. has formally scrapped plans for a U.S. initial public offering, becoming one of the first big casualties of Beijing’s crackdown on overseas listings. The company requested a withdrawal of its registration for a U.S. share sale, saying it no longer wanted to conduct the offering at this time, according to a filing Tuesday. It didn’t provide further details. The Shanghai-based startup, which is backed by Chinese tech mogul Jack Ma’s Ant Group Co., first disclosed its IPO plans in April. Credit Suisse Group AG, Morgan Stanley and China International Capital Corp. had been...
Go To Original Source →
Tags: Ant Group | bike | Bloomberg | ByteDance | capital | China | Chinese | crackdown | credit | Credit Suisse | Daojia | data | Didi | GGV Capital | Giant | government | initial public offering | international | investment | ipo | logistics | online payment | online video | Shanghai | technology

Other Related News:

China-born scientist targeted by US ‘discovers world’s best semiconductor’

August 16, 2022

China-born scientist targeted by US ‘discovers world’s best semiconductor’ Daily Multan News

August 16, 2022

In China found negative influence 6G on a brain – newspaper "South China Morning Post" Science

August 16, 2022

Tesla has now built one million cars in China KAKE

August 16, 2022

Tesla Gigafactory in Shanghai produces 1 millionth car

August 16, 2022

The particularly galling meme of Xi as Winnie the Pooh – which infuriates Beijing and has led to any pictures of the children’s character appearing on social media in China being ruthlessly purged – is given some prominence. Another theme is the exploitation of labour under di 9GAG

August 16, 2022

LinkedIn Profiles Indicate 300 Current TikTok And ByteDance Employees Used To Work For Chinese State Media—And Some Still Do (Forbes)

August 16, 2022

Trending news: Message to China! India made a bet by giving the Dornier Maritime Patrol Aircraft to the Sri Lankan Army Hindustan News Hub

August 16, 2022

China`s Tiktok may face new US restrictions despite reversal of Trump ban

August 16, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....