Jianzhi Education tests regulatory waters with first US IPO bid by Chinese online firm after Didi crackdown

Source: Tech – South China Morning PostJianzhi Education Technology Group has become the first Chinese company to apply for a US flotation since Beijing proposed new rules to tighten scrutiny on offshore listings after the Didi Chuxing debacle. This is the company’s fifth attempt at an offshore stock offering, after four previous tries in Hong Kong failed.The Beijing-based provider of online vocational education has proposed to raise up to US$50 million through the sale of American depositary shares, according to its filing to the…Read More

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