SHANGHAI -- Chinese companies seeking to list overseas will be subjected to regulatory screening by Beijing authorities if they have 1 million or more users with registered personal information, the country's internet regulator said on Saturday.
The decision marks China's first big move in its crackdown on offshore listing by Chinese companies. China is home to a number of companies with millions of registered online users. The clampdown will likely affect many companies and cast a shadow over the country's tech sector.
