EXCLUSIVE LinkDoc becomes first Chinese firm to shelve U.S. LinkDoc Technology Ltd., a Chinese medical data company, is seeking to raise money in a private fundraising, according to people familiar with the matter, after suspending plans for a July U.S. Chinese medical data startup LinkDoc Technology is planning to raise 500 million in an initial public offering (IPO), Bloomberg reported, citing sources. The fitness platform, backed by SoftBank and Tencent, was originally expected to raise up to $500 million in the IPO. IPO after Beijing's crackdown Chinese medical data group LinkDoc Technology Ltd (LDOC.O) has shelved plans for an IPO in the United States following Beijing's clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter. Ximalaya, which had issued a prospectus in April, also canceled its US IPO in recent weeks. ![]() “After communication with the relevant regulators, Ximalaya understands that a Hong Kong listing would be regarded as a preferred outcome,” people with knowledge of the matter told Financial Times. LinkDoc, which due to price its shares on Thursday and expected to raise more than $200m, shelved its Nasdaq IPO plans this week. The Alibaba-backed company offers a repository of big data for the healthcare industry such as clinical trials, AI diagnosis, and management.Ĭontext: Data security and cyber sovereignty are also what China emphasis in recent years. On June 11, Beijing passed a new Data Security Law that regulates how companies collect, store and use data. ![]() Last week, citing concerns over national data security, China’s Cyberspace Administration of China initiated a review of Didi, Full Truck, and Boss Zhipin, three recent US-listed technology companies According to reporting by the Financial Times, other Chinese tech companies who. #Chinabased keep linkdoc us ipotimes full Chinese medical data group LinkDoc Technology has shelved plans for an IPO in the US amid the clampdown on overseas listings, Reuters reported Thursday, citing sources with direct knowledge of the. IPOs due to regulatory pressure include fitness tech company Keep. #Chinabased keep linkdoc us ipotimes full.#Chinabased ximalaya linkdoc us ipotimes series#Ĭhinese company LinkDoc Technology Ltd has just completed its series D funding round, raising $151mn from investors, China Money Network has reported. HONG KONG -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijings clampdown on overseas listings by domestic firms, according to three. The investment was led by the sovereign wealth fund, China Investment Corporation (CIC). Tencent partners with Aviva to sell online insurance The company was founded in 2014 and utilises AI and Big Data to provide customised information for the use of healthcare regulators, researchers, insurers and pharmaceutical companies.Ĭhinese healthcare app prepares for $1bn IPOĪlibaba Health partners with Chinese hospitals to develop AI in healthcare LinkDoc is an oncology big data company which collects and standardises healthcare data from hospitals for over 3,000 diseases. HONG KONG (Reuters) Chinese medical data group LinkDoc Technology Ltd has shelved its listing in the United States to raise up to 211 million following Beijing’s clampdown on overseas. The business has partnerships with over 500 hospitals across 30 provinces and regional in China and describes itself as “the world’s leading provider of artificial intelligence and medical big data solutions”. Working across medical institutions, the pharmaceutical industry, the insurance industry and individual patients outside of hospital, the company says it has collaborated with over 600 departments from over 300 top oncology centres in China. Leading investor CIC is wholly state-owned and manages part of China’s foreign exchange reserves. It was established in 2007 and its most recently recorded AUM (assets under management) figure stands at $810bn. ![]()
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