China's Twitter-like Sina Weibo files for $500M US IPO
One of China's most popular social media services, Sina Weibo, filed papers on Friday for an initial public offering in the U.S. with the target of raising US$500 million.
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China's Twitter-like Sina Weibo concedes slowing growth
Sina Weibo, China's answer to Twitter, conceded Tuesday that user growth has been slowing. The social networking platform, however, dispelled reports that the company was seeing its user base decline as a result of a government crackdown on online rumors.
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