Weibo, China’s Twitter, Files for IPO in the U.S.
March 15, 2014
Two of China’s biggest Internet stars are headed for IPOs in the U.S. On Friday, China’s version of Twitter, social-media service Weibo, filed to raise up to $500 million in an IPO. The filing comes about four months after Twitter’s public offering, and just hours after the Journal and others reported that e-commerce giant Alibaba Group Holding is planning to file in New York as soon as April.