SHANGHAI -- Pressured by the ruling Communist Party at home and the U.S. administration abroad, Chinese startups have begun rethinking plans to go public in anticipation of further obstacles down the road.
The impact is especially pronounced on the Shanghai Stock Exchange's STAR market, where 88 companies, including some of China's most promising unicorns, have suspended or canceled planned initial public offerings over the first three and a half months of 2021.
