![]() ![]() regulations being rolled out that could see Chinese companies delisted if they do not comply with U.S. auditing rules.The move announced on Saturday, which confirms a previous report by Bloomberg, is one of the most concrete steps taken yet to restrain the ability of technology firms to raise capital in the U.S. through a so-called Variable Interest Entity model that the likes of Alibaba Group Holding Ltd. Regulators are also considering requiring VIEs like Alibaba that have already gone public to seek approval for additional share offerings in the offshore market, people with knowledge of the matter have said. initial public offering, people familiar with the matter said, the first known company to pull out of a debut after China’s government cracked. The regulator is seeking feedback on the proposed rules, which apply to listings in foreign countries specifically, before implementation. So far this year, 37 Chinese companies have listed in the U.S., surpassing last year’s count, and raised a combined $12.9 billion, according to data compiled by Bloomberg. “These rules will push more Chinese internet firms to list in Hong Kong instead of in another country, to bypass such a review,” said Feng Chucheng, a partner at research firm Plenum in Beijing. View advanced insights on the income statement, including growth rates and metrics that provide an in-depth view of the company's historical and forecasted financial performance. ![]() ![]() Its revenue surged 89 percent to CNY942 million.“The one million-user threshold is very low and would basically apply to every internet company aspiring for an IPO. In 2020, LinkDoc widened its net loss by 12 percent to CNY489 million (USD75.4 million) from 2019 due to its high research and development, as well as labor costs. But founder and Chief Executive Zhang Tianze has 19.7 percent of the equity, resulting in the biggest stake. Alibaba currently is the fifth-largest shareholder with its 8.4 percent stake in the IPO-hopeful. The latest one was in March, participated by the Hangzhou-based e-commerce giant. The startup has completed five rounds of financing. It had set up 34 service centers in 28 provinces with more than 400,000 registered patients by March. Alibaba's affiliate would spend USD25 million.įounded in 2014, LinkDoc offers its diagnostics and treatment information services to cancer patients in China via its online and offline platforms. The group includes Lake Bleu Capital, Temasek Holdings, UBS Asset Management, Hudson Bay Capital, and Sage Capital. Six investors, including Alibaba Health Hong Kong Technology, have expressed their intentions to buy nearly half of the shares before the IPO, the prospectus added. Underwriters may subscribe to an additional 1.6 million ADSs under a greenshoe option. The oncology data platform will issue 10.8 million American depositary shares at a price range of USD17.50 to USD19.50, the Beijing-based firm said in its updated prospectus filed with the US Securities and Exchange Commission yesterday. (Yicai Global) July 2 - China's LinkDoc Technology, a medical data company invested by Alibaba Group Holding's healthcare arm, aims to raise up to USD243 million in its initial public offering on the Nasdaq. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |