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China tech

88 tech startups ditch China IPOs in 2021 as headwinds mount

Ant clampdown and US row lead companies to abandon Shanghai debuts

A gong at the Shanghai Stock Exchange: its startup-focused STAR market appears to be losing its shine amid growing domestic and overseas pressures on China's tech sector.   © Reuters

SHANGHAI -- Pressured by the ruling Communist Party at home and the U.S. administration abroad, Chinese startups have begun rethinking plans to go public in anticipation of further obstacles down the road.

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