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Today, Ximalaya FM features 20 categories with 328 subcategories of content, and more than 5 million Over ¥90 in the first three quarters in 2017. DIDI KEEP XIMALAYA LINKDOC US IPOTIMES UPDATEA recent update from Ximalaya FM reveals its ARPU (average revenue per user) is Knowledge” Day obtained a total sales volume of ¥50 million within just 24 hours, while 2017’s eventĪttracted ¥196 million. Knowledge” Day, in a bid to establish the first online paid-content festival in China. Then, on 3rd December, it created the “123 To achieve this, Ximalaya FM set up its paid-content column in JuneĢ016, to encourage professionals to sell their knowledge online. Yu Jianjun, the founder of Ximalaya FM, has said his goal is to make Ximalaya FM the ![]() In 2014, Ximalaya FM completed its B round funding securing $50 million and was then valued at over ¥4īillion in 2015. DIDI KEEP XIMALAYA LINKDOC US IPOTIMES PROFESSIONALThe 10,000 daily uploaded audios of professional generated content (PGC). Ximalaya FM has 40 million registered users, and 6 million daily active users who are attracted by To share their knowledge and personal experience in specific fields through audio and personal podcast Ximalaya FM is the largest online audio service platform in China. Ximalaya FM is a big deal in China, here’s why you should be tuning in This article first appeared on Nikkei Asia. It’s republished here as part of 36Kr’s ongoing partnership with Nikkei. The issue is also likely to be factored into keenly watched plans by ByteDance to list some or all of its businesses, such as TikTok. Some 16 companies, including Alibaba-backed Chinese media and data cloud service platform Qiniu, housekeeping services company Daojia, and ForU Worldwide, a digital freight transportation company, were looking to raise over USD 4 billion, people familiar with the transactions said.īeijing has reportedly pressured podcast platform Ximalaya to halt plans to list in the US in favor of Hong Kong due to data security concerns. This marks the fastest start to a year ever recorded by the data provider and compares with six listings that raised USD 2.8 billion in the same period last year.Īnalysts and bankers now expect US IPOs by mainland companies to slump, at least in the short term. Thirty-six Chinese companies have held IPOs in the US this year, raising a total of USD 12.6 billion, according to Dealogic. The company, which provides cancer-focused health care services by relying on big data and artificial intelligence, had planned to sell 10.8 million shares priced between USD 17.50 and USD 19.50 each. Uncertainties exist on how soon “legislative or administrative regulation-making bodies will respond and what existing or new laws or regulations or detailed implementations and interpretations will be modified or promulgated,” it said. On Wednesday, it updated its sale prospectus, flagging risks from Beijing’s new directive about overseas IPOs. LinkdDoc, which was founded in 2014, filed for the IPO last month. ![]() The S&P500 Index has risen 0.9% during the same time frame. The Nasdaq Golden Dragon China Index, which tracks 98 Chinese companies listed in the US, has fallen 7.9% since the first salvo by the cyberspace agency. The gathering regulatory clampdown has led investors to shun Chinese stocks in the US. Read more: Could Beijing’s probe of Didi’s data security stymie consumer spending? Chinese authorities also announced on Tuesday that rules for overseas listings will be revised and regulatory oversight of companies trading in offshore markets stepped up. DIDI KEEP XIMALAYA LINKDOC US IPOTIMES FULLLinkDoc’s move comes after the US market debut of Chinese ride-hailing operator Didi Global, which raised $4.4 billion in one of corporate China’s biggest New York IPOs in years, was rocked by intervention by Beijing.Ĭhina’s cyberspace agency announced an investigation into Didi’s handling of customer data and barred it from signing up new customers, sending its shares tumbling and wiping billions of dollars from its valuation just days after its listing.īeijing later expanded its probe to two other companies that listed in the US-logistics company Full Truck Alliance and online recruiter Kanzhun. Linkdoc, which is backed by Alibaba Health Information, had been due to price the deal today, determining how much money it would raise. However, market volatility, regulatory uncertainty, and fear of angering Chinese regulators have prompted the company to cancel the offering, one of the people said. The company planned to raise up to USD 210 million on the tech-heavy Nasdaq exchange and closed its books on the deal on Wednesday after apparent strong demand. Chinese medical data group LinkDoc Technology has called off its US initial public offering at the last minute, two people familiar with the transaction said, becoming the first casualty of Beijing’s clampdown on overseas listings. ![]()
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