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Beijing pushes podcast app Ximalaya to list in Hong Kong over US

China looks to keep tech company within reach of its regulators

Tencent Holdings, a backer of Ximalaya, has faced tighter regulatory scrutiny from Chinese authorities.   © Reuters

SHANGHAI -- Chinese authorities reportedly have pressured podcast and audio app Ximalaya to scrap plans for an initial public offering in the U.S. and list in Hong Kong instead, as they seek to tighten their grip on tech companies.

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