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Stock impact report

This company is closer than ever to becoming 'the Chinese YouTube' [The Business Insider]

Weibo Corporation - American Depositary Shares (WB) 
Last weibo corporation - american depositary shares earnings: 2/26 05:00 am Check Earnings Report
US:NYSE Investor Relations: ir.weibo.com
This company is closer than ever to becoming 'the Chinese YouTube' A screenshot of a video shot on the Yizhibo app. Screenshot/YouTube Yixia Tech rode the short video and live-streaming wave, and now, its star is particularly bright. People in China are familiar with the company's three main video and live-streaming products: Miaopai, Xiaokaxiu, and Yizhibo. (Yizhibo was in the news recently when a Chinese couple used the app to livestream an attempted sleepover at Ikea .) Yixia Tech has completed six rounds of financing since its founding in 2011. Receiving $500 million in the most recent E round, the company is valued at over $3 billion. These are no small numbers, particularly in 2016 with its cautious capital markets. As the company continues to accumulate capital, it is closer than ever to becoming, as its founder and CEO Han Kun often says, "the Chinese YouTube." How was Yixia Tech able to attract this funding? Its star power resources had something to do with it. When Show less Read more
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