Chinese social network Weibo, in the U.S. market?

Chinese social network Weibo, to enter the U.S. market.

Chinese social-network-Weibo-US-market
Chinese company Sina, which owns the famous social network Weibo is reportedly making plans to penetrate the U.S. market, since the micro-blog will be recorded on the New York Stock Exchange.

According to the Financial Times said that Weibo currently is worth about $ 4 billion, and that Chinese company Sina already hired Goldman Sachs and Credit Suisse to circulate and manage the company in the American market.

Alibaba, the giant Chinese e-commerce already holds 18 per cent stake in Weibo, and it seems the company is planning to register as IPO.

Its rival, Tencent company which created the famous Wecht application, WhatsApp and Weibo's rival, is also functioning very well at the moment. / Albasun /



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Albasun: Chinese social network Weibo, in the U.S. market?
Chinese social network Weibo, in the U.S. market?
Chinese social network Weibo, to enter the U.S. market.
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