Weibo Corporation (WB)
Weibo Corporation (WB), whose parent company is Sina Corporation (SINA), is China’s version of Facebook and Twitter combined into one service. The company operates the biggest social media platform for Chinese-language content, providing a forum for Chinese people to express themselves and interact on a global scale in real time through posts of up to 140 Chinese characters. Its users include celebrities and other public figures, media outlets, businesses, government agencies, and charities. The company’s service has approximately 140 million monthly active users in China and in Chinese communities in more than 190 countries worldwide. Weibo was founded during 2009 and is headquartered in Beijing, China. However, it’s incorporated in the Cayman Islands. The company went public during 2014.