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China will require tech companies with more than 1 million users to submit to a formal review before seeking an international listing under new cyberspace rules.
Obsessed with controlling the Big Data held by Chinese tech firms, Beijing cyberspace officials clamp down on U.S. listings that were previously permissible.
The Chinese cabinet says a crackdown on Chinese overseas listings will happen. It's still deciding how.
Ride-hailing app Didi is among three Chinese companies recently listed on U.S. markets that are being prevented from signing up new users by China's Internet regulator.