LinkDoc’s US Listing In Jeopardy Following China's New Data Security Requirements

The US listing of Chinese artificial intelligence, medical records and patient management system company Linkdoc could be derailed, after China issued new data review requirements tightening the oversight of overseas listings of domestic companies.

China USA or United States trade and American tariffs conflict with two opposing trading partners as an economic import and exports dispute concept with 3D illustration elements

China's cybersecurity regulator has tightened its oversight of foreign share listings of domestic companies in a move prompted by Chinese data security concerns. Although health care companies were not the target, it led LinkDoc to suspend its $211m IPO shortly after filing an application to list its shares on Nasdaq. Trading in shares had been due to start on 9 July.

LinkDoc, a leading Chinese health tech player, intended to issue 10.825 million American Depository shares in the price range $17.5-$19.5...

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