China presses audio platform Ximalaya to drop US for HK as listing venue

China presses audio platform Ximalaya to drop US for HK as listing venue

Hong Kong. Source: Robert Bye/Unsplash

China is pressing the country’s largest online audio platform Ximalaya to drop plans to list in the United States and go for Hong Kong instead, three people with knowledge of the matter said, showing how the authorities are seeking to further tighten their grip over private media and internet businesses.