Posted on

Tencent-backed podcasting platform Ximalaya to file for Hong Kong IPO after shelving plans for US listing



Share

Ximalaya, China’s biggest podcasting platform, plans to file for an initial public offering (IPO) in Hong Kong after scrapping plans for a US listing, becoming the latest technology firm to step back from plans to go public overseas amid Beijing’s crackdown on the sector, according to a person familiar with the matter.The Tencent Holdings-backed online audio streaming platform filed for an IPO in the US in April, but found itself caught in a shifting regulatory landscape in China that has seen…

Read More