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SINA, our parent, launched Weibo in August 2009, originally as a microblogging
service provider. In 2010, SINA incorporated a subsidiary, T.CN Corporation, in
the Cayman Islands to hold the assets associated with the Weibo business. In
2011, Weibo was upgraded with social networking features and improved open
platform architecture to support internally developed and third-party developer
applications on our platform. In 2012, T.CN Corporation was renamed Weibo
Corporation. In April 2013, Alibaba Group invested US$585.8 million through its
wholly owned subsidiary, Ali WB, in our ordinary and preferred shares
representing approximately 18% of Weibo Corporation's then total outstanding
shares on a fully diluted basis.
In April 2014, our company completed the initial public offering and has been
listed on the Nasdaq Global Selected Market since then. Our company was
incorporated under the laws of the Cayman Islands and is headquartered in
Beijing, China.
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