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October 25, 2017 07:09 am GMT
Weibo, the Twitter-like Chinese social network that is profitable unlike Twitter, is raising $700 million as it looks for acquisitions to continue the rocket ship growth its business has seen in 2017. The Beijing-based company, which is listed on the NASDAQ with a current market cap of $21 billion, announced today it will offer up to $700 million in convertible senior notes in order to… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mUwy4Nksnzg/
Chinese social media giant Weibo is raising $700M to fund acquisitions
Weibo, the Twitter-like Chinese social network that is profitable unlike Twitter, is raising $700 million as it looks for acquisitions to continue the rocket ship growth its business has seen in 2017. The Beijing-based company, which is listed on the NASDAQ with a current market cap of $21 billion, announced today it will offer up to $700 million in convertible senior notes in order to… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/mUwy4Nksnzg/
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