China pressing for state investments in key tech firms [Seeking Alpha]
Weibo Corporation - American Depositary Shares (WB)
Last weibo corporation - american depositary shares earnings: 2/26 05:00 am
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Source: Seeking Alpha
China pressing for state investments in key tech firmsChina's government regulators are pushing some of the country's biggest tech firms togive the state a stake, and a greater role in making corporate decisions,The Wall Street Journal reports.Internet regulators are discussing the prospect of 1% stakes in a number of firms, including Tencent Holdings (TCEHY+0.3%), Weibo (NASDAQ:WB) and Youku Tudou (now part of Alibaba (BABA+0.9%)).The stakes come with the stipulation that investors appoint a government official to company boards and have say in their operations.Even with a heavy hand in existing rulemaking, the regulators are concerned about the growing power of private business.The government has begun its "special management shares" project with two media start-ups, taking stakes of less than 2% in mobile news site Yidian Zixun (FENG+9.2%) and Beijing Tiexue Tech, which operates a patriotic news site.The report comes ahead of the Communist Party Congress, with the party pressing to
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News
- Weibo Files its Annual Report on Form 20-FPR Newswire
- Weibo Publishes 2023 Environmental, Social and Governance Report [Yahoo! Finance]Yahoo! Finance
- Weibo Publishes 2023 Environmental, Social and Governance ReportPR Newswire
- Weibo to Hold Annual General Meeting on May 22, 2024PR Newswire
- Weibo Co. (NASDAQ: WB) had its "neutral" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $10.60 price target on the stock.MarketBeat
WB
Earnings
- 3/14/24 - Miss
WB
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- 4/8/24 - Form 6-K
- WB's page on the SEC website