China’s Weibo Social-Media service has transformed discourse in the world’s second-largest economy, giving a generation of young Chinese a way to reach millions outside traditional government-controlled media channels. Now Weibo’s owner hopes to take it public in the U.S., aiming to raise roughly $500 million in the second-quarter. Along with the U.S. listing, Weibo could get a further boost from Alibaba Group Holding Ltd, the Chinese most successful e-commerce company. Details of the Weibo IPO weren’t clear, but the value of Alibaba’s purchase suggests it would represent a minority stake in the business. However, due to Chinese government’s censor over Weibo, it is researched that the total number of microblog users in China fell 9% to 280.8 million last year from 308.6 million in 2012. The decrease of Weibo users may sharply affect its market value.
September 13, 2013
November 1, 2013
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SR: The Week’s China Reads
Every week, China Program’s Senior Advisor Dr. Robert A. Kapp compiles a reading list and provides commentary, for you to better understand China.
Robert A. Kapp is senior advisor to the China Program at the Carter Center. He has been principal of Robert A. Kapp and Associates, a business consulting firm, since 2004. From 1994 through 2004 he served as President of the United States-China Business Council…