Reuters China’s largest online audio platform, Ximalaya (????), on Thursday said it would not proceed with its plans for an initial public offering (IPO) in the US. The move comes after Reuters reported in May that China was pressing Ximalaya to drop its plans to list in the US and go for Hong Kong instead, showing how authorities are seeking to further tighten their grip over private media and Internet businesses. Medical data group LinkDoc Technology Ltd (????) in July was the first Chinese company to shelve an IPO in the US due to Beijing’s clampdown on overseas listings by...