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Posts Tagged ‘Chinas Weibo Corp’

(Reuters) – Weibo Corp , the company behind Chinas biggest microblog by users, reported second-quarter revenue that more than doubled, helped by a jump in advertising and marketing sales. Net loss attributable to shareholders narrowed to $15.4 million, or 8 cents per share, in the three months ended June 30, from $35.1 million, or 24 […]

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By Gerry Shih and Yimou Lee SAN FRANCISCO/HONG KONG (Reuters) – Weibo Corp executives on Thursday toasted the Chinese social media firms debut at Nasdaqs New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail. […]

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(Reuters) – Chinas Weibo Corp will be valued at a lower-than-expected $3.46 billion when it goes public on the Nasdaq on Thursday, amidst concerns about the microblogging services slowing user growth and the countrys highly censored media environment. The Twitter-like microblogging service, owned by web portal Sina Corp, sold 16.8 million American Depositary Shares (ADSs) […]

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