FAST NEWS: Weibo Launches Hong Kong IPO

The latest: Weibo Corp. (9898.HK; WB.US), often called the “Twitter of China” has launched a secondary listing in Hong Kong consisting of 11 million of its Class A ordinary shares. Subscriptions for the IPO shares began today and will run through noon on Dec. 2, with a maximum fundraising target of HK$4.27 billion ($547 million). Looking up: Weibo’s monthly active users (MAU) as of September reached 573 million, and its revenue has grown at a compound annual rate of 26.7% in the past four years. The company’s revenue in this year’s…

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Zhihu Reaps Rewards from Commercializing Its Services

Commercial content solutions revenue for the company sometimes called the ‘Quora of China’ rose fivefold in the third quarter, becoming its strongest growth engine Key Takeaways: Zhihu’s revenue doubled in the third quarter on strong performance of its ‘three revenue engines’ Management is targeting fourth-quarter revenue of a record 1.03 billion yuan, up more than 20% from previous quarter By Wut Yee Zhihu Inc. (ZH.US), an information platform sometimes called the “Quora of China,” is challenging market doubters about its ability to commercialize its business, with its latest quarterly results.…

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