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Sina Weibo Value Estimated at $5.1 Billion After Posting Profit

Sina Corp.’s Weibo unit is valued at $5.1 billion by analysts after posting its first profit as China’s largest Twitter-like microblogging platform is said to seek an initial public offering in the U.S.

Sina Weibo may be valued between $3.3 billion to $7 billion, according to 10 analysts surveyed by Bloomberg News. Using the midpoint of estimates for analysts providing a range, Sina Weibo may be worth $5.1 billion.