Weibo says it had 566 million monthly active users and 246 million average daily active users as of June. Photo: Shutterstock
Weibo says it had 566 million monthly active users and 246 million average daily active users as of June. Photo: Shutterstock
IPO

Weibo set to raise US$193 million from Hong Kong offer, much lower than the US$547 million it had hoped for

  • China’s Twitter will start trading next Wednesday on Hong Kong’s main board under the stock code ‘9898’
  • The popular microblogging platform’s secondary listing comes as Chinese companies flock to list closer to home amid increasing scrutiny by US regulators

Weibo says it had 566 million monthly active users and 246 million average daily active users as of June. Photo: Shutterstock
Weibo says it had 566 million monthly active users and 246 million average daily active users as of June. Photo: Shutterstock
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