News Snapshot:
Regulatory crackdown in China has shrunk the country's share in the global tech, media and Telecom (TMT) IPO market by 9 per cent last year, a new report showed on Wednesday. China's regulatory onslaught has negatively impacted the tech TMT IPO market as the regulators created headwinds for companies wanting to go public in the country. Newly imposed rules require Chinese companies to comply with a set of national laws and regulations and to ensure data security. ByteDance, for instance, had to postpone its listing plans after the regulators asked the company to focus on data security risks. As a...
