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China's Weibo slips on Hong Kong debut – Enterprise Recorder

News Snapshot:

HONG KONG: China’s Twitter-like social media platform Weibo debuted on the Hong Kong inventory trade on Wednesday however slipped in early commerce as buyers stay cautious of tech throughout a Beijing crackdown on the sector. Weibo was buying and selling 7.2 % down from its preliminary itemizing worth of HK$272.80 quickly after the open, though it started to get better a few of that floor by mid-morning. A number of US-listed Chinese language tech corporations resembling Alibaba have held preliminary public choices in Hong Kong over the previous two years as america has stepped up scrutiny of Chinese language firms….

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