The ride-hailing firm tanked by a further 5.4% on Wednesday to trade at $11.91, well below its initial offering price of $14.Ĭhina’s biggest internet firms have lost a combined $823bn in market value since February according to a Bloomberg report. Shares of Didi closed about 20% lower on Tuesday as the US markets opened after an extended 4 July holiday. Regulators later announced probes into recently US-listed Kanzhun and Full Truck Alliance on the grounds of national data risks. The company was founded in 2014 and utilises AI and Big Data to provide customised information for the use of healthcare regulators, researchers, insurers and pharmaceutical companies. Tuesday’s news followed China’s Didi app ban over the weekend, which came just days after the ride-hailing company made its debut on the New York Stock Exchange. LinkDoc is an oncology big data company which collects and standardises healthcare data from hospitals for over 3,000 diseases. Rules covering domestic companies’ overseas fundraising and initial public offerings would also be amended, it added. On Tuesday China’s state mouthpiece, the Global Times, said that Beijing would be introducing new regulations for cross-border data flows and security. Healthcare IT firm LinkDoc Technology is set to withdraw its initial public offering (IPO) in the United States following China’s crackdown on offshore listings, Reuters reported today.
The firm operates an online network of oncology physicians/patients/life science companies in China. UVXY ProShares Ultra VIX Short-Term Futures ETFĭVY iShares Trust - iShares Select Dividend ETF LinkDoc Technology has filed to raise 200 million in a U.S. TECL Direxion Daily Technology Bull 3X Shares SOXL Direxion Daily Semiconductor Bull 3X Shares