The number of Chinese IPO’s in the US capital sector reached a 10-year high in 2020. Of all the companies that got listed on NYSE and NASDAQ since the beginning of 2020 to April, 43% are in strategic industries in the current US China competition. For example, cloud technology and internet of things, or ioT, are areas that China is very ambitious about. Tuya and Cloopen are Chinese high-tech firms gone public in the US stock markets. Nicknamed “The Little Tencent in the Middle East” by the Chinese, Yalla is one of the fastest growing voice apps that serve people in the Middle East and North Africa. And the Chinese data risks?
0:00 Record Chinese IPOs
1:37 The Cloud
2:56 IoT, Tuya & digital surveillance
7:14 Yalla “the Little Tecent in the Middle East”
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References:
https://www.uscc.gov/research/chinese-companies-listed-major-us-stock-exchanges
https://www.ft.com/content/ddc4d6ff-13dc-449d-a4ca-9ad3d1d6a184
https://www.lexology.com/library/detail.aspx?g=97bd93b1-9844-4223-9752-84ee8a35f876
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