The door is closing on Chinese tech IPOs on Wall Street. That could backfire on Beijing


Source: hagonews.com hagonews.com

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Issues are trying fairly dire for Chinese language tech proper now, particularly corporations which were contemplating abroad listings as a approach to increase cash. The coolness created by tensions, each inside China’s borders and with its best rival, might deliver abroad funding in Chinese language tech to a grinding halt. Traders are already rattled. China’s unprecedented tech crackdown has wiped $1 trillion off the worth of overseas-listed Chinese language tech shares since February — one of many worst sell-offs in historical past, Goldman Sachs analysts mentioned in a analysis report final week. And since shares in Didi crashed this month...