Sina’s Weibo Downsized IPO By 21% To $286M

Chinese social networking platform Weibo Corporation has raised US$286 million by offering 16.8 million American Depository Shares (ADR) at US$17 per share. The size of its IPO is 21% smaller than its initial target of of US$380 million, according to an announcement.

Counting Jack Ma’s $5B Shopping Spree In 2014

So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a tally of close to US$5 billion. That’s equal to writing a check of around US$1 billion every month. And, we didn’t count the small peanuts like the US$15 million Alibaba invested in U.S. luxury e-commerce firm 1stdibs, or the US$20 million it co-invested …

Matrix-Backed Cheetah Mobile Downsizes IPO By One-Third

Beijing-based Chinese security software maker Cheetah Mobile Inc. has finalized pricing terms for its U.S. IPO, planning to raise up to US$174 million by offering 12 million American Depository Shares (ADS) at a price range of US$12.50 to US$14.50 apiece, according to a securities filing of the company.