China Tightens Grip On Tech Companies With Crackdown On Foreign IPOs


Source: zerohedge.com zerohedge.com

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China Tightens Grip On Tech Companies With Crackdown On Foreign IPOs China's unprecedented crackdown on its burgeoning (for now) tech industry just won't stop and overnight, China's Cyberspace Administration of China - the same entity responsible for the crackdown on Didi - proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cybersecurity review, a move that would significantly tighten oversight over its internet giants. Confirming our thoughts from last week, namely that " with 34 Pending Filings, China Sends A Message: No More US IPOs ", tech platform companies that possess...