The door is closing on Chinese tech IPOs on Wall Street


Source: cnn.com cnn.com

Key Topics in this News Article:

News Snapshot:

Hong Kong (CNN Business) Tough US laws requiring audits for foreign companies . A growing crackdown by Beijing that threatens to touch every part of the Chinese tech industry. A botched public offering by one of China's most prominent tech firms. Things are looking pretty dire for Chinese tech right now, especially firms that have been considering overseas listings as a way to raise money. The chill created by tensions, both within China's borders and with its greatest rival, could bring overseas investment in Chinese tech to a grinding halt. Investors are already rattled. China's unprecedented tech crackdown has wiped...