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Tencent-Backed WeDoctor Scraps International Listing for Shanghai

Alex Frew McMillan

, reportedly has shelved plans for an international initial public offering (IPO) due to a trade-war-style battle over where its data is held. WeDoctor has been planning an overseas IPO in Hong Kong since 2017 with intentions to go public this year. The offering likely would go down very well with investors keen to access a Chinese healthcare market that is booming as China grows richer and older.