HONG KONG: Chinese online healthcare platform WeDoctor has dropped Credit Suisse from a list of banks it had lined up to lead its up-to US$1bil initial public offering (IPO) in Hong Kong, sources told Reuters.
WeDoctor’s decision comes days after China’s securities regulator said it would investigate claims of fraud at coffee startup Luckin Coffee where an internal investigation had found that its chief operating officer and other staff fabricated sales transactions worth 2.2 billion yuan.
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