Summary
8.07 -0.17(-2.06%)06/25/2024
Weibo Corp (WB)
Weibo Corp (WB)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -1.94 | -1.82 | -9.17 | -9.33 | -22.66 | -38.96 | -87.37 | -72.45 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 8.07 | |
| Open | 8.22 | |
| High | 8.25 | |
| Low | 8.01 | |
| Volume | 775,600 | |
| Change | -0.16 | |
| Change % | -1.94 | |
| Avg Volume (20 Days) | 1,251,453 | |
| Volume/Avg Volume (20 Days) Ratio | 0.62 | |
| 52 Week Range | 7.58 - 16.02 | |
| Price vs 52 Week High | -49.63% | |
| Price vs 52 Week Low | 6.46% | |
| Range | -1.82 | |
| Gap Up/Down | -0.07 | |
Fundamentals | ||
| Market Capitalization (Mln) | 1,954 | |
| EBIDTA | 747,390,976 | |
| PE Ratio | 19.3231 | |
| PEG Ratio | 4.9669 | |
| WallStreet Target Price | 58.43 | |
| Book Value | 14.0860 | |
| Earnings Per Share | 1.4920 | |
| EPS Estimate Current Quarter | 0.8400 | |
| EPS Estimate Next Quarter | 0.8000 | |
| EPS Estimate Current Year | 3.0800 | |
| EPS Estimate Next Year | 3.3800 | |
| Diluted EPS (TTM) | 1.4920 | |
| Revenues | ||
| Profit Marging | 0.1586 | |
| Operating Marging (TTM) | 0.3233 | |
| Return on asset (TTM) | 0.0671 | |
| Return on equity (TTM) | 0.1142 | |
| Revenue TTM | 2,154,205,952 | |
| Revenue per share TTM | 9.4480 | |
| Quarterly Revenue Growth (YOY) | 0.3040 | |
| Quarterly Earnings Growth (YOY) | 4.1480 | |
| Gross Profit (TTM) | 1,387,751,000 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 19.3231 | |
| Forward PE | 10.4822 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 2.3009 | |
| Revenue Enterprise Value | 3.2181 | |
| EBITDA Enterprise Value | 11.1260 | |
| Shares | ||
| Shares Outstanding | 234,592,000 | |
| Shares Float | 135,070,352 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 6.12 | |
| Institutions (%) | 43.58 | |
05/29 06:18 EST - investorplace.com
3 Sorry Social Media Stocks to Sell in May While You Still Can
Social media stocks to sell aren't just a passing thought anymore. Over the past few years, we've seen how social media has played second-fiddle to other cutting-edge technologies in the investing world.
3 Sorry Social Media Stocks to Sell in May While You Still Can
Social media stocks to sell aren't just a passing thought anymore. Over the past few years, we've seen how social media has played second-fiddle to other cutting-edge technologies in the investing world.
05/23 18:41 EST - seekingalpha.com
Weibo Corporation (WB) Q1 2024 Earnings Call Transcript
Weibo Corporation (NASDAQ:WB ) Q1 2024 Results Conference Call May 23, 2024 7:00 AM ET Company Participants Sandra Zhang - Investor Relations Gaofei Wang - CEO & Director Fei Cao - Chief Financial Officer Conference Call Participants Felix Liu - UBS Daisy Chen - Haitong International Operator Good day, and thank you for standing by. Welcome to the Weibo Reports First Quarter 2024 Financial Results.
Weibo Corporation (WB) Q1 2024 Earnings Call Transcript
Weibo Corporation (NASDAQ:WB ) Q1 2024 Results Conference Call May 23, 2024 7:00 AM ET Company Participants Sandra Zhang - Investor Relations Gaofei Wang - CEO & Director Fei Cao - Chief Financial Officer Conference Call Participants Felix Liu - UBS Daisy Chen - Haitong International Operator Good day, and thank you for standing by. Welcome to the Weibo Reports First Quarter 2024 Financial Results.
05/23 10:31 EST - zacks.com
Weibo (WB) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Weibo (WB) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Weibo (WB) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Weibo (WB) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
05/20 01:03 EST - https://www.defenseworld.net
Head to Head Comparison: Dada Nexus (NASDAQ:DADA) versus Weibo (NASDAQ:WB)
Weibo (NASDAQ:WB – Get Free Report) and Dada Nexus (NASDAQ:DADA – Get Free Report) are both computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, valuation, profitability, risk, earnings and dividends. Profitability This table compares Weibo and Dada Nexus’ net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Weibo 19.47% 10.77% 5.11% Dada Nexus -22.77% -14.03% -10.95% Institutional & Insider Ownership 68.8% of Weibo shares are held by institutional investors. Comparatively, 59.3% of Dada Nexus shares are held by institutional investors. 41.3% of Weibo shares are held by insiders. Comparatively, 8.5% of Dada Nexus shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth. Volatility and Risk Weibo has a beta of 0.4, indicating that its share price is 60% less volatile than the S&P 500. Comparatively, Dada Nexus has a beta of 1.46, indicating that its share price is 46% more volatile than the S&P 500. Analyst Recommendations This is a breakdown of recent ratings and recommmendations for Weibo and Dada Nexus, as reported by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Weibo 2 3 2 0 2.00 Dada Nexus 1 4 2 0 2.14 Weibo currently has a consensus price target of $11.65, suggesting a potential upside of 20.60%. Dada Nexus has a consensus price target of $3.83, suggesting a potential upside of 98.45%. Given Dada Nexus’ stronger consensus rating and higher possible upside, analysts clearly believe Dada Nexus is more favorable than Weibo. Valuation and Earnings This table compares Weibo and Dada Nexus’ revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Weibo $1.76 billion 1.29 $342.60 million $1.42 6.80 Dada Nexus $1.49 billion 0.34 -$275.71 million ($1.28) -1.51 Weibo has higher revenue and earnings than Dada Nexus. Dada Nexus is trading at a lower price-to-earnings ratio than Weibo, indicating that it is currently the more affordable of the two stocks. Summary Weibo beats Dada Nexus on 10 of the 13 factors compared between the two stocks. About Weibo (Get Free Report) Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express promoted feeds, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product solutions to MCNs, unions, and e-commerce partners; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation operates as a subsidiary of Sina Corporation. About Dada Nexus (Get Free Report) Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners. The company was incorporated in 2014 and is headquartered in Shanghai, China.
Head to Head Comparison: Dada Nexus (NASDAQ:DADA) versus Weibo (NASDAQ:WB)
Weibo (NASDAQ:WB – Get Free Report) and Dada Nexus (NASDAQ:DADA – Get Free Report) are both computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, valuation, profitability, risk, earnings and dividends. Profitability This table compares Weibo and Dada Nexus’ net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Weibo 19.47% 10.77% 5.11% Dada Nexus -22.77% -14.03% -10.95% Institutional & Insider Ownership 68.8% of Weibo shares are held by institutional investors. Comparatively, 59.3% of Dada Nexus shares are held by institutional investors. 41.3% of Weibo shares are held by insiders. Comparatively, 8.5% of Dada Nexus shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth. Volatility and Risk Weibo has a beta of 0.4, indicating that its share price is 60% less volatile than the S&P 500. Comparatively, Dada Nexus has a beta of 1.46, indicating that its share price is 46% more volatile than the S&P 500. Analyst Recommendations This is a breakdown of recent ratings and recommmendations for Weibo and Dada Nexus, as reported by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Weibo 2 3 2 0 2.00 Dada Nexus 1 4 2 0 2.14 Weibo currently has a consensus price target of $11.65, suggesting a potential upside of 20.60%. Dada Nexus has a consensus price target of $3.83, suggesting a potential upside of 98.45%. Given Dada Nexus’ stronger consensus rating and higher possible upside, analysts clearly believe Dada Nexus is more favorable than Weibo. Valuation and Earnings This table compares Weibo and Dada Nexus’ revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Weibo $1.76 billion 1.29 $342.60 million $1.42 6.80 Dada Nexus $1.49 billion 0.34 -$275.71 million ($1.28) -1.51 Weibo has higher revenue and earnings than Dada Nexus. Dada Nexus is trading at a lower price-to-earnings ratio than Weibo, indicating that it is currently the more affordable of the two stocks. Summary Weibo beats Dada Nexus on 10 of the 13 factors compared between the two stocks. About Weibo (Get Free Report) Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express promoted feeds, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product solutions to MCNs, unions, and e-commerce partners; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation operates as a subsidiary of Sina Corporation. About Dada Nexus (Get Free Report) Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners. The company was incorporated in 2014 and is headquartered in Shanghai, China.
04/17 17:48 EST - investorplace.com
The 3 Most Overlooked Stocks Set for a Triple-Digit Comeback
Hidden treasures sometimes go overlooked in the busy world of financial markets. Here, attention is frequently drawn to the names with the most sparkle.
The 3 Most Overlooked Stocks Set for a Triple-Digit Comeback
Hidden treasures sometimes go overlooked in the busy world of financial markets. Here, attention is frequently drawn to the names with the most sparkle.
04/08 12:36 EST - youtube.com
Bullish on Weibo (WB)
Weibo (WB) is today's morning trade for beginner, intermediate, and advanced options traders. Alan Knuckman demonstrates an example trade using Weibo.
Bullish on Weibo (WB)
Weibo (WB) is today's morning trade for beginner, intermediate, and advanced options traders. Alan Knuckman demonstrates an example trade using Weibo.
04/03 08:01 EST - marketbeat.com
Deeply Undervalued Weibo Stock Is Ripe for a Reversal
Weibo NASDAQ: WB stock is deeply undervalued and ripe for a reversal. The stock is trading at only 5x its earnings, the lowest among China's social media operators, and analysts see nothing but upside.
Deeply Undervalued Weibo Stock Is Ripe for a Reversal
Weibo NASDAQ: WB stock is deeply undervalued and ripe for a reversal. The stock is trading at only 5x its earnings, the lowest among China's social media operators, and analysts see nothing but upside.
03/27 00:25 EST - youtube.com
Chinese City's Spicy Take on Hotpot Takes Weibo by Storm
A Chinese city in Gansu has gone viral over its version of a hotpot dish, known as malatang. It has even boosted shares of a local mushroom producer.
Chinese City's Spicy Take on Hotpot Takes Weibo by Storm
A Chinese city in Gansu has gone viral over its version of a hotpot dish, known as malatang. It has even boosted shares of a local mushroom producer.
03/25 00:25 EST - youtube.com
China Supermarket Job Ad Sparks Ageism Discussion On Weibo
A supermarket job ad in China is generating buzz on Weibo because of an age requirement of between 18 and 30 years old. Get insight into some of the top stories in mainland Chinese papers and social media on "Bloomberg: The China Show".
China Supermarket Job Ad Sparks Ageism Discussion On Weibo
A supermarket job ad in China is generating buzz on Weibo because of an age requirement of between 18 and 30 years old. Get insight into some of the top stories in mainland Chinese papers and social media on "Bloomberg: The China Show".
03/15 11:56 EST - seekingalpha.com
Weibo Corporation (WB) Q4 2023 Earnings Call Transcript
Weibo Corporation (WB) Q4 2023 Earnings Call Transcript
Weibo Corporation (WB) Q4 2023 Earnings Call Transcript
Weibo Corporation (WB) Q4 2023 Earnings Call Transcript
03/14 10:30 EST - zacks.com
Here's What Key Metrics Tell Us About Weibo Corporation (WB) Q4 Earnings
While the top- and bottom-line numbers for Weibo Corporation (WB) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Here's What Key Metrics Tell Us About Weibo Corporation (WB) Q4 Earnings
While the top- and bottom-line numbers for Weibo Corporation (WB) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
03/14 05:00 EST - prnewswire.com
Weibo Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results and Dividend
BEIJING , March 14, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. "In 2023, we further improved our product's competitiveness and operating efficiency," said Gaofei Wang, CEO of Weibo.
Weibo Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results and Dividend
BEIJING , March 14, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. "In 2023, we further improved our product's competitiveness and operating efficiency," said Gaofei Wang, CEO of Weibo.
03/02 08:39 EST - 24/7 Wall Street
Warner Bros. Discovery Hammered By Investors
Investors have punished Warner Bros. Discovery (NASDAQ: WB), the conglomerate put together by merging the assets of Discovery and AT&T's Warner operations.
Warner Bros. Discovery Hammered By Investors
Investors have punished Warner Bros. Discovery (NASDAQ: WB), the conglomerate put together by merging the assets of Discovery and AT&T's Warner operations.
02/27 04:00 EST - prnewswire.com
Weibo Corporation to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 14, 2024
BEIJING , Feb. 27, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ: WB and HKEX: 9898), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the fourth quarter and fiscal year 2023 before the U.S. market opens on Thursday, March 14, 2024. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on March 14, 2024 (or 7 PM – 8 PM Beijing Time on March 14, 2024) to present an overview of the Company's financial performance and business operations.
Weibo Corporation to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 14, 2024
BEIJING , Feb. 27, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ: WB and HKEX: 9898), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the fourth quarter and fiscal year 2023 before the U.S. market opens on Thursday, March 14, 2024. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on March 14, 2024 (or 7 PM – 8 PM Beijing Time on March 14, 2024) to present an overview of the Company's financial performance and business operations.
02/23 17:27 EST - investorplace.com
Exit Now! 3 Social Media Stocks to Sell in February 2024
Social media stocks can come and go just as fast as the memes their platforms support. While the early days of social media stocks provided potential for huge growth akin to the dot-com bubble, many of these publicly traded companies are now faltering thanks to expanded regulatory action, increased competition and dwindling customer demand.
Exit Now! 3 Social Media Stocks to Sell in February 2024
Social media stocks can come and go just as fast as the memes their platforms support. While the early days of social media stocks provided potential for huge growth akin to the dot-com bubble, many of these publicly traded companies are now faltering thanks to expanded regulatory action, increased competition and dwindling customer demand.
02/12 02:09 EST - seekingalpha.com
Weibo Offers A Low-Risk, High-Uncertainty Bet
Weibo is an undervalued, dominant player in the Chinese social media market that happens to be a low-risk, high-uncertainty bet at current prices. The company can leverage AI and its vast amount of data to improve content and retain its KOLs. Weibo's CEO has successfully increased revenue and user base, but regulatory risks in China pose a potential challenge.
Weibo Offers A Low-Risk, High-Uncertainty Bet
Weibo is an undervalued, dominant player in the Chinese social media market that happens to be a low-risk, high-uncertainty bet at current prices. The company can leverage AI and its vast amount of data to improve content and retain its KOLs. Weibo's CEO has successfully increased revenue and user base, but regulatory risks in China pose a potential challenge.
02/11 06:23 EST - investorplace.com
3 Sorry Social Media Stocks to Sell in February While You Still Can
The Senate Judiciary Committee's recent hearing has intensified the scrutiny on social media giants, including Meta Platforms (NASDAQ: META ) and TikTok, painting a grim reality of the platforms' impacts on youth. As the legislative hammer looms with potential regulations, the sentiment to dispose of social media stocks to sell grows.
3 Sorry Social Media Stocks to Sell in February While You Still Can
The Senate Judiciary Committee's recent hearing has intensified the scrutiny on social media giants, including Meta Platforms (NASDAQ: META ) and TikTok, painting a grim reality of the platforms' impacts on youth. As the legislative hammer looms with potential regulations, the sentiment to dispose of social media stocks to sell grows.
01/12 23:45 EST - seekingalpha.com
Weibo: It's Hard To Slay A Social Media Giant
Weibo stock hits an all-time low after a BofA Securities downgrade, making it worth a look for value hunters. Basic thesis: Twitter-equivalent of China trading for sub-6 P/E with cash-rich balance sheet and huge investment portfolio relative to market cap. Risks: revenue headwinds from underperforming ad verticals, related party risks with parent company Sina Corp, and potential chilling effects from China's "real name" rule.
Weibo: It's Hard To Slay A Social Media Giant
Weibo stock hits an all-time low after a BofA Securities downgrade, making it worth a look for value hunters. Basic thesis: Twitter-equivalent of China trading for sub-6 P/E with cash-rich balance sheet and huge investment portfolio relative to market cap. Risks: revenue headwinds from underperforming ad verticals, related party risks with parent company Sina Corp, and potential chilling effects from China's "real name" rule.
11/30 15:53 EST - proactiveinvestors.com
Weibo shares decline following $300M convertible senior notes offering
Weibo Corporation, a major player in Chinese social media, saw it American-listed shares drop nearly 11% in the wake of its recent announcement of a $300 million convertible senior notes offering. The move to secure additional capital has triggered concerns among investors, leading to a sell-off in Weibo's shares.
Weibo shares decline following $300M convertible senior notes offering
Weibo Corporation, a major player in Chinese social media, saw it American-listed shares drop nearly 11% in the wake of its recent announcement of a $300 million convertible senior notes offering. The move to secure additional capital has triggered concerns among investors, leading to a sell-off in Weibo's shares.
11/30 08:56 EST - prnewswire.com
Weibo Corporation Prices Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs
BEIJING , Nov. 30, 2023 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB; HKEX: 9898), a leading social media in China, today announced the pricing of a previously announced offering of 6,233,785 American Depositary Shares ("ADSs"), each currently representing one Class A ordinary share of Weibo, par value US$0.00025 per share (the "ADS Offering"), which the Company will lend (the "Borrowed ADSs") to an affiliate of the underwriter in the ADS Offering (such affiliate, the "ADS Borrower") pursuant to an ADS lending agreement with the ADS Borrower (the "ADS Lending Agreement").  Concurrently with the ADS Offering, the Company priced the offering (the "Notes Offering") of convertible senior notes in an aggregate principal amount of US$300 million due 2030 (the "Notes") pursuant to Rule 144A of the Securities Act of 1933, as amended.
Weibo Corporation Prices Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs
BEIJING , Nov. 30, 2023 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB; HKEX: 9898), a leading social media in China, today announced the pricing of a previously announced offering of 6,233,785 American Depositary Shares ("ADSs"), each currently representing one Class A ordinary share of Weibo, par value US$0.00025 per share (the "ADS Offering"), which the Company will lend (the "Borrowed ADSs") to an affiliate of the underwriter in the ADS Offering (such affiliate, the "ADS Borrower") pursuant to an ADS lending agreement with the ADS Borrower (the "ADS Lending Agreement").  Concurrently with the ADS Offering, the Company priced the offering (the "Notes Offering") of convertible senior notes in an aggregate principal amount of US$300 million due 2030 (the "Notes") pursuant to Rule 144A of the Securities Act of 1933, as amended.