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China crackdown leads self-driving tech startup Pony.ai to put off plans to list in the US, report says

August 13, 2021
Source: msn.com msn.com
News Snapshot:
Pony.ai, a Chinese self-driving technology startup, is holding off on plans to go public in the US after it was unable to secure Beijing's assurance that it wouldn't be a target of the government's regulatory crackdown on tech companies, according to a Reuters report . Pony.ai was in exclusive talks to go public through a merger with blank-check firm VectoIQ Acquisition II and the company was looking to list by October, sources told Reuters in a report published late Wednesday. The decision makes Pony.ai one of the largest companies to suspend plans to list in the US after China launched...
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