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Weibo debut highlights complicated dance with Chinese censors

By Gerry Shih and Yimou Lee SAN FRANCISCO/HONG KONG (Reuters) - Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail.

Sina Weibo shares jump 19% in US debut

Sina Weibo, China's answer to Twitter, debuted on the Nasdaq exchange Thursday with a 19.1 percent jump despite an IPO that went out undersubscribed and lower priced than hoped. In a spate of buying that suggested that Wall Street's waters are still welcoming to loss-making technology high flyers, and to Chinese firms as well, Weibo shares rose from the subscription price of $17 to as high as $24.28, before settling the day at $20.24.

Sina Weibo shares jump 19% in US debut

Sina Weibo, China's answer to Twitter, debuted on the Nasdaq exchange Thursday with a 19.1 percent jump despite an IPO that went out undersubscribed and lower priced than hoped. In a spate of buying that suggested that Wall Street's waters are still welcoming to loss-making technology high flyers, and to Chinese firms as well, Weibo shares rose from the subscription price of $17 to as high as $24.28, before settling the day at $20.24.

Sina Weibo skyrockets in debut, sweeping aside censorship concerns

By Alexei Oreskovic and Edwin Chan SAN FRANCISCO (Reuters) - Shares of Weibo Corp <WB.O> 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. 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 <IPO-ALIB.N>.

Chinese social media company Weibo's shares jump in US stock market debut

Chinese social media company Weibo Corp.'s shares soared in their U.S. market debut Thursday. Weibo was launched four years ago by Chinese online media company Sina Corp. Weibo provides a Twitter-like service that allows users to post a feed of up to 140 Chinese characters to share with others. Users can also attach multimedia, such as photos and videos, to their posts. The company has 61.4 million average daily active users, according to its filing with the U.S. Securities and Exchange Commission.

Facebook launches location-sharing feature 'Nearby Friends' with lots of precautions

NEW YORK, N.Y. - Facebook users in the U.S. will soon be able to see which of their friends are in close proximity using a new feature the company is launching on Thursday. Called "Nearby Friends," the optional tool will only be available to people who choose to turn it on. The feature uses your smartphone's GPS system to tell your Facebook friends you are nearby — provided they have the feature turned on. Rather than share your exact location, it will only show that you are nearby, say, within half a mile.

Sina Weibo shares jump more than 25% after IPO

Shares of Sina Weibo, China's answer to Twitter, jumped more than 25 percent in initial trade Thursday, after a disappointing initial public offering on the US Nasdaq exchange. The offering on Wednesday was undersubscribed as Weibo's parent, the Chinese Internet giant Sina Corp, ran into a market jittery over both tech and Chinese company shares.

Sina Weibo shares jump more than 10% after IPO

Shares of Sina Weibo, China's answer to Twitter, jumped more than 10 percent in initial trade Thursday after an undersubscribed initial public offering. Ten minutes into trade the shares topped $19, compared with the $17 IPO price. Weibo's parent, the Chinese Internet giant Sina Corp, sought to raise as much as $380 million listing the subsidiary on the Nasdaq exchange, but only pulled in $286 million as it ran into a market jittery over both tech and Chinese company shares. But retail buyers jumped on the shares despite a weak market overall. pmh/vs

Sina Weibo shares jump more than 6% after IPO

Shares of Sina Weibo, China's answer to Twitter, began trading sharply higher Thursday after an undersubscribed initial public offering. Minutes into trade the shares were over $18, compared with the $17 IPO price. pmh/vs

Twitter broadens advertising reach through app-install ads

By Gerry Shih SAN FRANCISCO (Reuters) - Twitter Inc took a significant step Thursday towards broaden its advertising business by offering mobile ads urging people to install apps on its social network as well as through MoPub, the mobile-advertising network it acquired last year. As the mobile app economy grows, app developers have been willing to pay increasing amounts to advertise on major sites like Facebook to boost their app downloads.
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