U.S. stocks ended the week mixed after news of fresh conflict between Russia and Ukraine.» Read More
King Lip, Chief Investment Officer at Baker Avenue Asset Management, explains why the revoke of two publication licenses due to obscene content will not hurt the internet giant.
China's Sina has been stripped of its online publication licence amid a pornography crackdown, prompting its shares to fall over 7 percent.
*Apple rallies, announces 7- for-1 stock split. *Caterpillar gains after results; Verizon, 3 M fall. NEW YORK, April 24- U.S. stocks rose in a volatile session on Thursday as Apple and Caterpillar were the latest high-profile names to post bullish results, though gains were limited by a resurgence of concerns related to Ukraine.
*Apple rallies, announces 7- for-1 stock split. *Caterpillar gains after results; Verizon, 3 M fall. NEW YORK, April 24- U.S. stocks were flat in volatile trading on Thursday, with indexes cutting early gains on a resurgence of concerns related to Ukraine, though Apple jumped following its results.
At the China Entrepreneur Club summit, Charles Chao, Chairman & CEO of Sina, describes why the firm priced its Weibo IPO at the lower projected range.
China closed more than 100 websites carrying pornography and thousands of social media accounts in an renewed effort to clean up the internet.
SAN FRANCISCO, April 17- Shares of Weibo Corp rose 19 percent in their U.S. 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.
SAN FRANCISCO, April 17- Shares of Weibo Corp rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks.
April 17- Shares of Weibo Corp, the owner of a Chinese Twitter-like messaging service, rose as much as 14.6 percent in their U.S. debut, overcoming worries about the outlook for tech sector and concerns that censorship in China was affecting its user growth. That would make it the biggest internet company IPO since Facebook Inc's $16 billion IPO in 2012..
Weibo went public on the Nasdaq under the symbol "WB" and opened just below the expected $17 but later soared.
Some of the names on the move ahead of the open.
*Initially planned to sell 20 mln ADSs at $17- $19 each. April 17- China's Weibo Corp, a Twitter- like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth.
*Originally planned to sell 20 mln ADSs at $17- $19/ shr. April 16- China's Weibo Corp will be valued at a lower-than-expected $3.46 billion when it goes public on the Nasdaq on Thursday, amidst concerns about the microblogging service's slowing user growth and the country's highly censored media environment.
April 16- China's Weibo Corp priced its initial public offering at $17 per American Depositary Share at the bottom of its planned range, an underwriter told Reuters, valuing the microblogging service at $3.46 billion. The Twitter- like service, owned by web portal Sina Corp, sold 16.8 million American Depositary Shares in the offering, raising $285.6 million.
The "Fast Money" traders share their final trades of the day.
Weibo should be valued at $30 a share if you apply Twitter metrics to it, PrivCo CEO Sam Hamadeh says.
China's Twitter-like messaging service Weibo expects its initial public offering of 20 million American Depository Shares to price at $17-$19 each.
*Tencent down 19 percent since March 3 peak. SHANGHAI, April 4- Hong Kong shares were mixed on Friday, with gains in Chinese shares listed in the city overshadowed by tech losses and weighed by a sharp fall in Internet giant Tencent Holdings.
Shares in Tencent Holdings Ltd, China's biggest listed internet firm with a profitable mobile gaming business, fell more than 7 percent to their lowest in six weeks, while the Hang Seng Composite Index for Information Technology fell nearly 5 percent, its biggest drop in nearly two months.
The controversy surrounding Malaysia Airlines Flight MH370 has prompted many Chinese tourists to look elsewhere.