News Snapshot:
- A + A HONG KONG (June 21): Chinese podcasting start-up Ximalaya Inc is pushing back the launch of its planned initial public offering (IPO) in Hong Kong, in an abrupt change of heart amid market volatility, people familiar with the matter said. The Shanghai-based company was speaking with potential cornerstone investors in recent days and was considering to start taking orders as soon as next week if talks went well, Bloomberg News reported earlier. It has now decided to hold off until September at the soonest, the people said. Ximalaya met with lukewarm demand during early talks with prospective...
