News Snapshot:
Alibaba Group Holding -backed bike rental company Hello, Tencent -backed Spark Education and medical data solution provider LinkDoc Technology are among more than a dozen Chinese companies that could face challenges to their listing plans in the US after Beijing announced it was tightening its rules on initial public offerings . China’s State Council said late on Tuesday it would undertake a sweeping overhaul of its regulations on how companies raise capital both domestically and overseas, which could stymie efforts for high-flying technology companies to access the American capital markets. The announcement comes after nearly three dozen Chinese companies raised...
