News Snapshot:
Meicai, an e-commerce platform that connects restaurants with suppliers of fresh produce, has become the latest company to postpone its plan for a US listing, according to people familiar with the situation. The move comes as Chinese regulators’ investigation of [Didi Chuxing](tag/didi-chuxing) and other internet companies’ data collection practices has rattled potential new issuers. While the Beijing-based company, which was valued at about US$6.4 billion after its last funding round in September 2018, has not yet publicly filed its draft prospectus, it made a confidential filing to the US regulator in May. The company will now withhold further filing and...
