Chinese Audio Platform to List in Hong Kong After Scrapping U.S. IPO Plans

The owner of a popular podcast and audio platform in China filed for an initial public offering in Hong Kong shortly after scrapping plans to list in New York, showing how a Chinese regulatory crackdown on U.S. listings is forcing homegrown tech companies to change course.

Ximalaya Inc., a nine-year-old company whose name in Chinese means Himalayas and is known for its audiobooks and podcasts, in April filed a draft prospectus for a U.S. IPO on the New York Stock Exchange or Nasdaq Stock Market .

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