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MACEDONIA: Weibo intensifies investment preparations
2014-07-18 14:43:41| Daily apparel & textile news and comment - from just-style.com
Global sourcing giant Weibo Group is intensifying preparations to set up Europe's largest integrated textile and ready-to-wear industrial zone in the northeast region of Macedonia.
Tags: investment
macedonia
preparations
intensifies
Weak start for Weibo US share sale
2014-04-17 17:15:17| BBC News | Business | UK Edition
China's largest Twitter-like service, Weibo, has a lukewarm reception on the first day of its listing on the US stock market.
Weibo prices IPO at low end of range - report
2014-04-17 08:57:00| Telecompaper Headlines
(Telecompaper) Chinese microblogging service Weibo raised USD 285.6 million in its US initial public offering, after pricing the shares at the low end of the indicated range, people with knowledge of the matter told Bloomberg. Weibo sold 16.8 million American depositary shares for USD 17 each. The shares had been offered for USD 17-19 apiece. The company's shares will be listed on the Nasdaq market. Weibo plans to use most of the proceeds from the IPO to repay loans to its parent company Sina.
Weibo files for IPO in US
2014-04-07 08:55:00| Telecompaper Headlines
(Telecompaper) Chinese messaging service Weibo has filed with the US Securities and Exchange Commission for an initial public offering of shares. The company plans to sell up to 23 million shares at a maximum price of USD 19 each, giving it total proceeds of USD 437 million. An exact price range will be set at a later date. The offering consists of 20 million Class A shares converted into American Depositary Shares, plus an over-allotment of 3 million shares. After the issue, Sina will still hold 56.9 percent of outstanding shares and 79.9 percent of voting rights at Weibo. Sina will receive much of the proceeds from the IPO in repayment of loans, while Weibo will use the remainder to increase its marketing and employee retention incentives. The messaging service claims over 129 million monthly active users, of which 70 percent access the site from a mobile phone. It generated USD 188 million in revenues in 2013, versus USD 66 million a year earlier, while its net loss narrowed to USD 38 million from USD 102 million in 2012.
Alibaba buys stake in China's Weibo
2013-04-30 03:07:27| BBC News | Business | UK Edition
Alibaba, China's biggest e-commerce group, buys an 18% stake in Weibo, China's Twitter-like service, as it looks to tap into the social media sector.
Tags: alibaba
buys
stake
chinas