[‘Chinese Twitter’ Weibo seeks $385 million in HK secondary listing] Social media platform Weibo, the Chinese equivalent of Twitter, aims to raise $385 million in a Hong Kong secondary listing, to debut on December 8. In a statement sent to the Hong Kong Stock Exchange on Thursday night, Weibo said it will offer 11 million shares at HK$272.8 ($35) per unit. Forty-five percent of the net proceeds will be used to grow the user base and “enhance our content ecosystem,” 25 percent to research and development to “enhance our user experience and monetisation capabilities,” 20 percent to strategic alliances, investments...