Its decision is likely to be followed by others, analysts said, although they noted that US listings were not barred. LinkDoc Top News Chinese Health Data Provider LinkDoc Pulls 200M US IPOLaw360Apr 11, 2022LinkDoc Zerokrypton Technology and China Resources Pharmaceutical. The impending checks have already sown disquiet, with Chinese medical data group LinkDoc Technology on Thursday shelving plans for a $211 million U.S. LinkDoc () is artificial intelligence and medical big data platform which has a global large-scale and large-scale medical big data resource library. "Illegal activities of listed companies including financial fraud, insider trading and market manipulation are rising." "Due to the shortcomings of the (regulatory) system, the cost of committing securities-related crimes has been relatively low," CSRC chairman Yi Huiman told the Xinhua news agency. The Wall Street Journal reported on Thursday, citing people with knowledge of the matter, that the Cyberspace Administration of China is taking a lead role in Beijing's push to regulate US-listed Chinese companies.īankers say the new measures are set to significantly delay the listing process and add uncertainties.īeijing, however, says they are needed to crack down on illegal activity in the securities market and punish fraudulent securities issuance, market manipulation and insider trading. A fintech firm, for example, would need the go-ahead from the banking regulator.ĬSRC did not immediately respond to a request for comment. Securities and Exchange Commission (SEC) on Thursday. LinkDoc Technologys valuation in July 2018 was 1,000M. Under the new process, a company looking to list offshore would need to get the approval from ministries supervising its business, one of the sources said. LinkDoc, backed by a subsidiary of Alibaba Health Information Technology, said that it will sell 10.8 million American depositary shares (ADSs) priced between 17.50 and 19.50, according to an amended prospectus it submitted to the U.S. 253.02M Investors Count 10 Deal Terms 1 Funding, Valuation & Revenue 6 Fundings LinkDoc Technologys latest funding round was a Corporate Minority for on March 4, 2021. The regulator has already kicked off a consultation process with leading local banks to work out how the review would be done, one said, adding that it will also seek feedback from global investment banks in the next few weeks. The CSRC, which had taken a softer attitude towards Chinese companies using the VIE structure, is now looking to run thorough checks, two of the people said. It gives firms more flexibility to raise capital offshore, while bypassing the scrutiny and lengthy IPO vetting process that locally-incorporated companies have to go through. It has been widely adopted by China's new economy companies, mainly internet firms, that are generally incorporated in the Cayman Islands and British Virgin Islands and therefore fall outside Beijing's legal jurisdiction. We have collaborated with > 600 departments from top > 300 oncology centers in. We have developed proprietary machine learning and human language processing enabled mechanism to structure millions of clinical EMR into research grade data. We are leading oncology real world big data company from China with the vision of care data and care life. The VIE structure was created two decades ago to circumvent rules restricting foreign investment in sensitive industries such as media and telecommunications, enabling Chinese companies to raise funds overseas via offshore listings. LinkDoc Technology 892 followers on LinkedIn. The China Securities Regulatory Commission (CSRC) is establishing a team that will mainly sharpen its focus of companies seeking to list overseas using the so-called VIE structure, said three people with knowledge of the matter, who declined to be named because of the sensitivity of the change. Table of Contents Be the best inspector you can be Details Reinventing High-definition Portable UT Built for All-level UT Inspectors Benefits Applications Want to see Gekko in action? Book a demo! Designed for the Field A Complete PAUT Portable Unit Portable & Robust Fast Connectivity Solution Water and Drop Test No Compromise on Performance Compatible With Most Accessories Streamlined Workflow Unique Features Exclusive Content Workshop Capture 3.That announcement came after Chinese regulators launched a cybersecurity investigation into ride-hailing giant Didi Global Inc just days after its US stock market listing.
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