Chinese social media giant Weibo is raising $700M to fund acquisitions
October 25, 2017 at 03:09 AM EDT
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
