Reuters - Twitter-like messaging service Weibo Corp filed on Friday to raise $500 million via a U.S. initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations.
Weibo, owned by Sina Corp (SINA.O), becomes the latest Chinese Internet giant to tap U.S. markets, following on the heels of search service Baidu and its own corporate parent. Alibaba, which owns a stake in Weibo, is expected to raise about $15 billion in New York this year, in the highest-profile Internet IPO since Facebook's (FB.O) in 2012.
Delist TikTok and WeChat: Executive orders for Google and Apple from the US Officials. The two controversial apps will face a ban in US.
the US Government banned WeChat App against which app users in the US sued in the Federal court California
The purpose of the app in China, if the original report is to be believed, is to "whistle-blow on debtors capable of paying their debts."
