Alibaba-backed LinkDoc suspends US IPO as Didi fallout spreads

Medical data group worried by market volatility and fear of regulatory blowback

20210708 China hospital

LinkDoc Technology offers medical data-related services to health care providers.  © Reuters

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

HONG KONG -- Chinese medical data group LinkDoc Technology has called off its U.S. initial public offering at the last minute, two people familiar with the transaction said, becoming the first casualty of Beijing's clampdown on overseas listings.

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