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LinkDoc becomes first Chinese firm to shelve U.S. IPO after Beijing’s crackdown

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Reuters

By Scott Murdoch and Kane Wu HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing’s clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter. It is the first Chinese firm known to have pulled back from IPO plans since China’s cybersecurity regulator toughened its approach to oversight last week with an investigation into ride-hailing giant Didi Global Inc just two days after its New York debut. That was soon followed with an order for Didi’s app be removed …

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