Weibo Corp. (WB) Thursday announced a sharp fall in first quarter earnings on lower revenues, compared to the prior year. Quarterly earnings were $49.44 million from $100.
Chinese regulators ask some US-listed firms to prepare for audit disclosures : Rashtra News #Chinese #regulators #USlisted #firms #prepare #audit #disclosures Hong Kong/Beijing: Chinese regulators have asked some of the country's US-listed firms, including Alibaba, Baidu and JD.com, to prepare for more audit disclosures, sources said, as Beijing steps up efforts to ensure domestic companies
Beijing is on the lookout for anyone disseminating negative views on the country’s economic prospects. And it raises troubling questions as China’s influence soars.