a street sign for wall street is seen outside the new york stock exchange nyse in new york city new york us july 19 2021 reutersandrew kelly  rc2uno93id0i july 27 reuters  chinas hello inc an appbased ride services provider backed by jack mas ant group on tuesday scrapped plans for an initial public offering in the united states against the backdrop of a regulatory crackdown on uslisted chinese companies hello which offers services in china including twowheeler services and a carpooling marketplace said it no longer wishes to publicly float its shares in the united states according to a regulatory filing httpsbitly3ixkiuf a top official at the us securities and exchange commission sec said on tuesday that chinese companies listed on exchanges in the united states must disclose as part of regular reporting obligations any risks related to the chinese government interfering in their business read more these comments come after chinese authorities launched a cybersecurity review into ridehailing giant didi global inc didin which was valued at 68 billion after its new york stock exchange debut late last month china has also come up with new rules for private tutoring that has left private education firms facing a significant business impact as beijing steps up regulatory oversight of a 120 billion industry read more certain chinese ipos in the us are halted at the moment as they are awaiting guidance from the sec a source close to the matter said reporting by sohini podder in bengaluru and echo wang in north carolina editing by shounak dasgupta