Weibo went public on the Nasdaq under the symbol "WB" and opened just below the expected $17 but later soared.
Facebook's latest moves in mobile have shown how messaging is shifting from SMS texts to full-blown content sharing.
Shares of Twitter closed up nearly 12 percent Monday after the company said it was buying Gnip and announced a key hire from Google.
China's Weibo has priced its initial public offering at $17 per American Depository Share, at the bottom of its planned range.
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Matt Hunter is the senior technology editor at CNBC.com.
Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.
Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.