The company filed for the offering last month, and was due to price it on Thursday. The Cyberspace Administration of China (CAC) will lead an interagency effort focused on domestic companies that list their securities overseas, including rules prohibiting them from disclosing some information to foreign regulators. (Nikkei Asia, The Wall Street Journal)

Talking point: Earlier this week, the CAC found ride-hailing platform Didi Global in breach of data laws and ordered Chinese app stores to pull the app, preventing new downloads. U.S. law firms have now filed or are building class-action lawsuits against the firm on behalf of investors, the value of whose shares acquired during Didi’s IPO last month have plunged. Chinese tech stocks listed on Hong Kong’s  Hang Seng index dropped Thursday amid regulatory concerns. A Chinese foreign ministry spokesperson insisted the government is just enforcing the law, and said its policy of “supporting the development of internet platforms remains unchanged.” While Didi’s troubles presaged LinkDoc’s shelved offering, some large tech firms are proceeding with fundraising—smartphone maker Xiaomi announced plans to issue US$1.2 billion in bonds.