Pony. ai, a self-generated Chinese startup, postpones its goal of making public in the United States after failing to obtain assurances from Beijing that it would be the target of the passenger government’s regulatory crackdown on tech companies, according to a Reuters report. Pony. ai in exclusive talks to make public a merger with white-check firm VectoIQ Acquisition II and the corporate search that will be indexed through October, resources told Reuters in an expired report on Wednesday. The move makes Pony. ai one of the largest corporations to suspend its proposed U. S. board. USA After China introduced a security review of Didi Global’s knowledge just days after the ride-sharing company went live on the New York Stock Exchange on June 30. A spokesman for Pony. ai told Reuters he had no plan or timetable to make it public lately and declined to comment on the talks. The Chinese government has targeted big tech corporations and others with cybersecurity reviews and tweaks to industry regulations in an effort to combat issues like the anti-competitive habit and what it sees as dangers to the security of Chinese corporations listed in the United States. Didi Global’s stock dropped to nearly $9 of its $14 IPO value after the security review introduced in early July. The review led Chinese regulators to order the removal of Didi’s app from mobile app outlets in China, bringing up Didi’s visitor processing. data. Pony. ai, which develops and tests its self-driving cars in the United States and China, founded through former engineers at Google and Baidu Peng and Lou Tiancheng in 2016. Read more: Chinese stocks are collapsing. Here’s why its monetary collapse may get worse
