![]() Had Pony.ai gone ahead with the listing, it would also have faced U.S scrutiny. The Cyberspace Administration of China, which has been leading the crackdown on technology companies such as Didi, did not immediately respond to a request for comment. The deal would have been financed with a private placement from investors of roughly $1.2 billion, and the company had aimed to list by October, according to the sources.Ī spokesperson for Pony.ai said the company has no current plan or timeline to go public and declined to comment on the talks. Pony.ai had been in exclusive talks to go public through a merger with VectoIQ Acquisition II (VTIQ.O). Details of Pony.ai's discussions with the Chinese authorities could not be learned. stock market debut, even through merging with a special-purpose acquisition company (SPAC) instead of an IPO, the sources said. It was concerned that the Chinese regulators could take action if it proceeded with a U.S. Operating in both the United States and China, Pony.ai maintains a significant presence in Chinese cities including Beijing and Guangzhou, where it launched commuter pilots and signed partnerships with Chinese state-owned auto groups. listing in the unlikely event it receives a green light from the Chinese government imminently, the sources added. ![]() The Toyota Motor Corp (7203.T)-backed startup will now seek to raise money in a private fundraising round at a valuation of $12 billion, said the sources, who requested anonymity because the matter is confidential. It followed up with crackdowns on other Chinese technology firms over concerns about the safety of user data, which led to some companies, such as LinkDoc Technology (LDOC.O) and Hello Inc, scrapping their U.S. listing plans after China banned ride-sharing giant Didi Global Inc (DIDI.N) from signing up new users just days after its blockbuster initial public offering (IPO) in June. The decision makes Pony.ai one of the biggest companies to suspend its U.S. Interestingly, both internal (Muslim population distribution) and external (war and conflict involving Islam) factors are involved in negative sentiment toward Islam online in China.Aug 11 (Reuters) - Autonomous driving startup Pony.ai has put on hold plans to go public in New York through a merger with a blank-check firm at a $12 billion valuation, after it failed to gain assurances from Beijing that it would not become a target of a crackdown against Chinese technology companies, people familiar with the matter said. The fifth topic relates to Islam in everyday life in general, including the theology and practice of Islam. The fourth topic, by contrast, focuses on global events, namely wars and conflicts. Muslims are linked with “extreme” ideas, “terrorists” and “terrorist organizations”. ![]() The third topic focuses more on ideology. ![]() Its posts mention “peace”, “god”, and “humankind”, often attacking America as a “rogue” state for its actions pertaining to Muslims. The second topic makes normative statements about the morality of current affairs in and relating to the Muslim world. The first topic discusses tensions in non-Muslim majority areas, the most prominent of which is refugee crises. We extracted five key topics from all Islam-related posts using an unsupervised topic model. Topic analysis shows that online Islamophobia narratives in China often focus on international issues. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |