Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
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The Wall Street Journal
ByteDance Shelved IPO Intentions After Chinese Regulators Warned About Data Security — Owner of TikTok video app took different approach from ride-hailing company Didi, which pressed ahead with U.S. listing.Binance Froze When Bitcoin Crashed. Now Users Want Their Money Back — The world’s largest crypto exchange has no headquarters, making it difficult for disgruntled traders to complain about the May crash.Beijing Blocks Merger, Tightens Data Rules as Post-Didi Crackdown Speeds Up — Two moves are clearest signals yet that authorities are tightening the leash on overseas-listed Chinese companies.Didi Tried Balancing Press
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