![]() ![]() ![]() In a series of events that began on Friday and intensified during the US holiday weekend, China's cybersecurity regulator began investigations into three companies that recently listed in New York - ride-hailing service Didi Global, Uber-like trucking startup Full Truck Alliance, and online-recruitment platform Kanzhun. It was seen as raising as much as $211 million by selling 10.8 million shares priced between $17.50 and $19.50, Reuters reported, citing three sources with direct knowledge of the matter. ![]() LinkDoc, which filed for its IPO in June, was due to price its offering after the US market close on Thursday. On Tuesday, Chinese officials said they would step up scrutiny of cross-border data flow and sources of funding for securities investments, among other market-related measures. The tougher oversight is seen as President Xi Jinping seeking to control one of China's most treasured resources - big data. LinkDoc, which provides medical data and research to pharmaceutical clients, is the first Chinese company known to have set aside US IPO plans as regulators tighten their grip. LinkDoc may be seeking to raise as much as 500 million. During its most recent 12 months, LinkDoc booked 157 million in revenue and claims to have the largest China market share in its field. Chinese medical-data company LinkDoc Technology has suspended its plans for an initial public offering in the US as Beijing cracks down on domestic companies with overseas listings, Reuters reported on Thursday. So far, it has longitudinal data on 2.5 million oncology patients and has helped 3.5 million patients. process of joining materials to make objects from 3D model data, usually layer upon. ![]()
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