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Weibo Shares Fall in Hong Kong Trading Debut

·1 min read
Weibo Shares Fall in Hong Kong Trading Debut
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Shares of Chinese social-media company Weibo Corp. fell in their trading debut in Hong Kong on Wednesday morning amid a challenging environment for Chinese technology stocks. Weibo, which operates a Twitter-like microblogging service and counts Sina Corp. and Alibaba Group Holding Ltd. as major shareholders, raised net proceeds of 1.38 billion Hong Kong dollars (US$177 million) in the offering.