SemiconductorsChina carmaker BYD's chip unit IPO plan halted by regulatory woes
Probe into law firm handling deal comes as Beijing ramps up scrutiny on tech
BYD, China's biggest carmaker by market valuation, is looking to list its chipmaking arm in Shenzhen. © Getty Images
CHENG TING-FANG and LAULY LI, Nikkei staff writers
August 22, 2021 13:47 JST
TAIPEI -- Chinese electric car maker BYD's plan to list its semiconductor arm has been suspended due to a regulatory probe into the law firm advising the company on the deal, in the latest sign of Chinese authorities tightening their scrutiny of local tech companies and capital markets.