Chinese Social Media Platform Weibo Added to Delisting Watchlist by SEC

(Source: Weibo)

Beijing-based social media platform Weibo became the sixth Chinese company to be added to a delisting watchlist by the U.S. Securities and Exchange Commission (SEC) on Wednesday.

According to the official SEC website, the Weibo Corporation needs to provide evidence before April 13 to prove that it does not exhibit conditions to be delisted…