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Weibo Shares Fall as Much as 7.2% in Hong Kong Market Debut

By
Shai Oster
· · Source: Bloomberg

China’s Twitter-like micro blog Weibo saw its shares drop as much as 7.2% in its debut on the Hong Kong exchange as investors remain skeptical of Chinese tech companies. Founded in 2009 by Sina Corp., Weibo first listed in the U.S. in 2014, a path followed by scores of Chinese tech companies eager to tap America’s highly liquid and tech-friendly capital markets. But now many of those companies...

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