Sina Weibo skyrockets in debut, sweeping aside censorship concerns


  • TECH
  • Friday, 18 Apr 2014

SAN FRANCISCO: Shares of Weibo Corp rose 19% in their US debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country's Internet sector and broader worries about lofty tech-stock valuations. 

Investors are scrutinizing the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd. 

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