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Ximalaya to pursue Hong Kong debut after retracting US IPO: report

Chinese podcast platform Ximalaya plans to file for a Hong Kong IPO this week, Reuters reported on Sept. 10, a day after the platform withdrew its US IPO plans. The company aims to raise more than $500 million in Hong Kong, the target they had planned to raise in the US market. The platform had more than 250 million monthly active users in the first quarter of 2021. [Reuters]

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