Reuters exclusively reports China presses Ximalaya to drop U.S. for Hong Kong as listing venue

Reuters exclusively reported that China is pressing the country’s largest online audio platform Ximalaya to drop plans to list in the United States and go for Hong Kong instead, as authorities are seeking to further tighten their grip over private media and internet businesses. Shanghai-based Ximalaya, which filed publicly for the U.S. IPO, has started pre-marketing the float since early May and looked to raise about $500 million.

Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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