Chinese social e-commerce platform Xiaohongshu has put its plans for a U.S. initial public offering on hold, Bloomberg reported. Beijing’s recent cybersecurity crackdown already has forced a wide range of Chinese tech startups—from home design software maker Kujiale and logistics firm Lalamove—to put their New York IPO preparations on hold. Some bankers and investors say they expect the path...
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The Briefing Asia Markets
Covid’s Tech Stars Twinkle Again—at Least Today
Life in our pandemic-dominated world increasingly feels like one of those scary TV series where just when you think the monster has been vanquished, you realize it’s still alive. Today’s big market sell-off on news of the new Covid-19 variant in South Africa—dubbed Omicron by the World Health Organization—is a good reminder of how vulnerable the market is to another flareup of the virus....
Tech Stocks Fall as New Covid Variant Leads to Market Sell-Off
Quarterly Results From Meituan and Pinduoduo Highlight Challenges for China Tech
China’s Government Asks Didi Global to Devise Plan to Delist From U.S.
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