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China's Answer To Twitter: Weibo

Demand for a slice of Weibo, China’s equivalent to Twitter, was seen as an acid test as to whether the enthusiasm for the high-tech sector is on the wane. The company, which is being spun out of Sina Corp, its parent, was priced at the bottom end of the range at $17 a share, valuing it at $3.5 billion.

Read the whole story at The Times »

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