![]() ![]() It was listed on the New Third Board in May 2016, and then delisted in November 2017. Its revenue in the first quarter of 2021 was 98.374 million yuan, up 80% year-on-year. The Beijing-based firm’s official website shows that it relies on cloud computing, big data, artificial intelligence and other technologies to provide digital education content and intelligent education solutions for domestic universities and other customers.Īs of March 31, 2021, the company’s educational content library contains more than 25,000 online courses with a total duration of about 4,500 hours, of which more than 70% are self-developed, covering entrepreneurship guidance, professional skills training, and professional certification exams. Bloomberg Alibaba Health-Backed LinkDoc Shelves U.S.The prospectus also mentions that Jianzhi Education currently provides online services for about 2,000 institutions of higher learning in China. The new effort, called “Project Texas,” includes physically storing US information in data centers on US servers owned by software giant Oracle Corp. ![]() ![]() pull out of a debut after Chinas government cracked down on overseas listings. HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijings clampdown on overseas. HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing's clampdown on overseas listings by domestic firms. TikTok is also shifting its platform to Oracle’s cloud infrastructure, which means the app and the algorithm would be accessed and deployed for US users from domestic data centers. “TikTok’s response confirms our fears about the CCP’s influence in the company were well founded,” US Senator Marsha Blackburn told Bloomberg on Friday. “The Chinese-run company should have come clean from the start, but it attempted to shroud its work in secrecy. Americans need to know if they are on TikTok, communist China has their information,” Blackburn said. Deliberations are ongoing and no decision has been reached, they said, adding the plan and details of the pre-IPO round and the Hong Kong IPO could still change. Several senators in a letter dated Monday cited a report in BuzzFeed News that said TikTok’s US consumer data were accessed by company engineers in China. A representative for LinkDoc did not immediately respond to requests for comment. LinkDoc was slated to raise as much as 211 million from the U.S. Sources: after the Didi crackdown, China-based fitness app Keep, podcasting platform Ximalaya, medical data analytics startup LinkDoc pause their US IPO. The lawmakers said in the letter that TikTok and its parent “are using their access to a treasure trove of US consumer data to surveil Americans.” TikTok owner Bytedance, social e-commerce platform Xiaohongshu, fitness app Keep and medical data company LinkDoc Technology have all either shelved or scrapped plans to list in New York. The New York Times reported earlier on TikTok’s response. It pulled its listing plan at the last moment blaming market volatility, Bloomberg News reported in July, with the firm becoming the first known Chinese aspirant to halt its U.S. IPO plans following Beijing’s crackdown on overseas listings. ![]()
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