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The Latest Breaking News from Weibo Corp

Weibo Shares Gain On Q1 Beat Aided By User Base, Traffic

Weibo Corp (NASDAQ:WB) reported first-quarter FY22 revenue growth of 6% year-on-year to $484.6 million, beating the consensus of $473.98 million. Revenue grew 3% Y/Y on a CC basis. Segments: Weibo's Advertising and marketing revenues rose 10% Y/Y to $427.1 million. Value-added service (VAS) revenues decreased 17% Y/Y to $57.5 million. Drivers: Monthly active users (MAUs)…

Chinese Social Media Weibo Bans Another Business Leader After He Questions China's Zero Covid Policy

Chinese Social Media Weibo Bans Another Business Leader After He Questions China's Zero Covid Policy

Weibo Corp (NASDAQ:WB) banned Trip.Com Group Limited (NASDAQ:TCOM) co-founder and Chair James Liang for alleged violation of laws, Reuters reports. The social media company neither elaborated on the violation nor cited the reasons behind the ban. Liang had recently questioned the wisdom of the country's zero-COVID strategy as the country's Presidential election draws closer. Also…

Alibaba Tech VP Mocks China's Covid Policies; Clarifies Not Resigning

Alibaba Tech VP Mocks China's Covid Policies; Clarifies Not Resigning

Alibaba Group Holding Ltd's (NYSE:BABA) VP of technology, Jia Yangqing, clarified that he did not resign from the company and had traveled from Shanghai to the U.S. to see a doctor, Global Times reports. Jia traveled from Shanghai to California, the U.S., in the middle of the night because of the situation…

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SEC Adds Weibo To Its Provisional List Under Holding Foreign Companies Accountable Act

The SEC added the Chinese social media platform Weibo Corp (NASDAQ:WB) to its provisional list of companies identified under the Holding Foreign Companies Accountable Act. The SEC is required to identify public companies that have retained a public accounting firm to issue an audit report where the firm has a branch or office…

Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees

Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business…

Alibaba Affiliate Ant Financial Divests Entire Stake In 36KR Holdings

Jack Ma's Ant Group Co divested its entire stake in the tech news firm 36KR Holdings Inc (NASDAQ:KRKR), Bloomberg reports. The Alibaba Group Holding Ltd (NYSE:BABA) affiliate looked to comply with Chinese regulators by the move. Ant held an 18% stake in 36KR as of early 2021. Also Read: DiDi Had To Postpone Its IPO After Jack…

Weibo Tops Q4 Backed By User Engagement; Clocks 20% Revenue Growth

Weibo Corp (NASDAQ:WB) reported fourth-quarter FY21 revenue growth of 20% year-on-year to $616.3 million, beating the consensus of $607.8 million. Segments: Weibo's Advertising and marketing revenues rose 21% Y/Y to $550.8 million. Value-added service (VAS) revenues grew 9% Y/Y to $65.5 million. Drivers: Monthly active users (MAUs) increased by 52 million Y/Y to 573 million…

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Here's Why Bilibili Shares Are Trading Higher Today

Here's Why Bilibili Shares Are Trading Higher Today

Alibaba Group Holding Ltd (NYSE:BABA) backed Bilibili Inc (NASDAQ:BILI) is looking to hire 1,000 new content moderators and more closely monitor the health of its workers, Reuters reports. China's leading video platform came under scrutiny after the death of an employee prompted accusations that it was overworking its staff. A user on the microblogging…

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