Chinese e-commerce platform Meicai becomes latest mainland firm to shelve US IPO plan as tightened scrutiny unnerves issuers

Source: Tech – South China Morning PostMeicai, an e-commerce platform that connects restaurants with suppliers of fresh produce, has become the latest company to postpone its plan for a US listing, according to people familiar with the situation.The move comes as Chinese regulators’ investigation of Didi Chuxing and other internet companies’ data collection practices has rattled potential new issuers.While the Beijing-based company, which was valued at about US$6.4 billion after its last funding round in September 2018, has not yet…Read More

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