Cloudary, the largest online literature publishing platform in China, announced to withdraw IPO application documents upon requests from the U.S. SEC., for files haven’t been updated for more than a year (via Sina Finance).

The online literature business of Shanda filed with the SEC in May 2011 to raise up to $200 million on the NYSE. The application documents were updated once in May 2012. Citing capital market downturn, Cloudary didn’t think the time was right to go IPO.

Cloudary later raised two rounds of funding, $15 million from Orbis and, most recently, $110 million from Goldman Sachs and Temasek.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com