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Weibo's loss widens as costs surge

Like US rival Twitter, Weibo has had a rocky entry onto the public markets.

Shares of the Twitter-like service spun out of Chinese internet group Sina fell in post-market trading after its quarterly loss widened from a year earlier.

In its first set of results since an initial public offering in New York in April, Weibo said revenues more than doubled to $67.5m, matching Wall Street's forecasts, as sales of display adverts on the social network rose.

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