TikTok’s Beijing-based parent company was mulling an off-shore public offering, but those plans are now shelved indefinitely as Chinese authorities publicly crack down on data disclosure and potential monopolies. (The Wall Street Journal)

Talking point: China’s tech giants are increasingly in the government’s crosshairs, with plans to build a platform to supervise data. On Saturday, the Cyberspace Administration of China said there will be security reviews of overseas securities listings for any company with at least one million customers’ data. The declaration comes as ride-hailing company Didi is struggling to make sales after its apps were pulled from app stores, by order of Chinese authorities. Regulators reportedly warned Didi to pause its own IPO, but it forged ahead. Tencent’s music-streaming business is also expected to be a target.