Weibo Gains 13%, Long-term Growth Story Highlighted By Fortune

Weibo (WB) was higher following a Fortune interview with Chairman Charles Chao, who spoke of the social media company’s long-term growth story.

Published Sunday, the story highlights Chao’s positive outlook including strong historical revenue growth, innovative product development, mobile platform focus and a move to attract new users via increased marketing spending.

Shares are up 33% in this Chinese social networking company following a strong IPO priced at $17 per share last Thursday.

WB is up 13.2% to $22.92 per share in midday Monday trading on 9.9 million shares and have traded between $16.26 – $24.48 per share over the past few days.

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