In response, several Chinese companies, including fitness app Keep and medical data company LinkDoc, have put plans for listing in the US on holdĬAC announced a proposal last week that any company with data from more than 1 million users must complete a security clearance before listing overseas. “Instead of finance or securities regulators, the CAC will lead the review process of Chinese companies’ overseas IPOs,” said Shen Meng, director of Beijing-based boutique investment bank Chanson and Co, completing his initial public offering before receiving regulatory approval, and “this is clearly not allowed “.On July 13th, EST, Jianzhi Education submitted its prospectus to the Securities and Exchange Commission (SEC), eyeing to raise $50 million. Jianzhi’s application came after Didi was censored due to its handling of data security. SEE ALSO: Faced with Possible Effects of Didi App Removal, Chinese Companies Keep, Ximalaya and LinkDoc Cancel IPO Plans in US Previously, Keep, Ximalaya and LinkDoc all canceled their IPO plans in the United States amid concern over possible effects of the Didi app removal. The education firm plans to use the fresh funds to produce new educational content and purchase some products from third parties. Sales, revenue, customer service, potential acquisitions and strategic investments, and daily operation also take a share of the fund. Jianzhi Education has failed to go public in Hong Kong four times, but the reasons for those failures were not disclosed.Įstablished in 2011, Jianzhi Education was formerly known as Sentu Education. It was listed on the New Third Board in May 2016, and then delisted in November 2017. Its revenue in the first quarter of 2021 was 98.374 million yuan, up 80% year-on-year.
Sources didi ximalaya linkdoc us ipotimes professional#
The Beijing-based firm’s official website shows that it relies on cloud computing, big data, artificial intelligence and other technologies to provide digital education content and intelligent education solutions for domestic universities and other customers.Īs of March 31, 2021, the company’s educational content library contains more than 25,000 online courses with a total duration of about 4,500 hours, of which more than 70% are self-developed, covering entrepreneurship guidance, professional skills training, and professional certification exams. DIDI KEEP LINKDOC US IPOTIMES PROFESSIONAL The prospectus also mentions that Jianzhi Education currently provides online services for about 2,000 institutions of higher learning in China. DIDI KEEP LINKDOC US IPOTIMES PROFESSIONAL.
0 kommentar(er)
