What Happened: Nasdaq-listed social media platform Weibo Corp. has become the sixth Chinese company to be added to the roster of corporations not in compliance with the Holding Foreign Companies Accountable Act (HFCAA). The others at risk of delisting (in 2024) are BeiGene, Zai Lab, Yum China Holdings, ACM Research, and HUTCHMED.All have been given…
(Source: Pandaily) Popular Chinese microblogging platform Weibo released its financial results for the fourth quarter and whole year of 2021 on Thursday. In Q4, Weibo’s revenue was $616 million, up 20% year-on-year, and its net revenue based on non-GAAP (generally accepted accounting principles) was 196 million yuan ($31.02 million), down 8.1% year-on-year. In 2021, Weibo’s…
In an official statement on December 1, social media giant Weibo released a list of words and statements that would no longer be permitted for use on the platform. Words such as erhuo (二货, idiot), SB (a stupid c**t), niangpao (娘炮, sissy), and biesan (瘪三, a broke and unemployed person), were all classified as vulgar and…