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Weibo shares jump in market debut

By The Associated Press
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Chinese social media company Weibo Corp.’s shares soared in their U.S. market debut Thursday.

Weibo was launched four years ago by Chinese online media company Sina Corp. Weibo provides a Twitter-like service that allows users to post a feed of up to 140 Chinese characters to share with others. Users can also attach multimedia, such as photos and videos, to their posts.

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