Weibo celebrates public debut, venture capitalist Charles Xue release from prison

By Staff Reporter

Apr 19, 2014 12:17 PM EDT

On Thursday, Weibo executives rejoiced after the company’s public debut on NASDAQ. The Chinese social media app similar to Twitter, has sold shares priced USD17 per piece, lower than its original expected price offer, reported Business Insider.

Meanwhile, venture capitalist and Weibo user Charles Xue, was released from a prison in Beijing hours prior the company’s launching. Xue was set free after being locked in jail for eight months.

The events happened coincidentally following highlights of the public debut of Weibo. The Chinese microblogging platform has been moving to become a part of the international social media industry.

Xue was arrested due to prostitute solicitations coming from a government campaign released in autumn to shut off online opposition, claimed political analysts. On the other hand, Weibo has been celebrating the warm welcome it received from the international financial markets. However, the government censors in China has raised questions whether or not the government would interfere with the operations of the Twitter clone.

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