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.
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.