The stock exchange day: Insider: Beijing urges Ximalaya to IPO in China instead of the USA

The stock exchange day: Insider: Beijing urges Ximalaya to IPO in China instead of the USA
US NEWS

The stock market day


Insider: Beijing is pushing Ximalaya to IPO in China instead of USA

China, according to insiders, is pushing the country’s largest audio platform, their plans for one IPO in the USA in favor of Hong Kong to drop. Reuters reports this without referring to insiders. Originally wanted Ximalaya – the largest podcast provider in the People’s Republic – this month go public in New York.

Currently the lead from Tencent, Xiaomi and Baidu as well as Sony Music funded company talks with China’s Internet regulator CAC. A final decision should be made within two weeks, the insiders said. CAC as well as Ximalaya could not be reached for a comment at first.

Share to friends

Author: Killian Jones
Graduated From Princeton University.He has been at the USTV since 2017.
Function: Chief-Editor
E-mail: admin@ustv.online

Rate author
Add a comment