|Bid||33.90 x 1300|
|Ask||34.06 x 1100|
|Day's Range||33.45 - 34.08|
|52 Week Range||27.30 - 64.70|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||22.72|
|Earnings Date||Mar. 16, 2022 - Mar. 21, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.61|
A high-profile Chinese economist has been banned from posting on the Weibo social media platform after drawing controversy over suggestions that the central bank set up a $314 billion "fertility fund" to encourage people to have more babies. The Weibo account of Ren Zeping, a former chief economist for debt-laden property giant China Evergrande Group, where he has 3.6 million followers, carries a notice saying that "due to violations of related laws and regulations, the user is currently banned from posting." The birthrate in the world's most populous country has been a concern of authorities for generations.
Weibo (NASDAQ: WB), a Chinese social media company that is frequently compared to Twitter (NYSE: TWTR), might seem like an undervalued growth stock. Analysts expect Weibo's revenue and earnings to rise 33% and 29%, respectively, for the full year. In early 2021, Sina took itself private and delisted its shares from the NASDAQ.
Recovering from a three-day sell-off, shares of Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) stock bounced back on Thursday and are up 7.2% as of 11:11 a.m. ET. Alibaba's bounce back appears tied to a Bloomberg report yesterday that the company is "weighing options" to dispose of its 30% stake in Weibo (NASDAQ: WB), the "Chinese Twitter," and may sell its Weibo shares to "a state-owned firm." There are at least a couple of reasons why such a move could be good for Alibaba.