News Snapshot:
HONG KONG: Chinese social media company Weibo Corporation has been approved by the listing committee of the Hong Kong Stock Exchange to sell city shares, according to regulatory documents, giving it a secondary listing alongside New York . Weibo did not specify how much China’s largest microblogging platform was looking to increase in the secondary list, nor did it specify a timeline for the sale. The documents were part of a committee’s post-hearing briefing posted on the Hong Kong Stock Exchange’s website, indicating that Weibo had been cleared to continue listing. Sources previously told Reuters that the deal would be...
