Weibo, the Chinese version of Twitter, is testing an Instagram like app called Lvzhou(Oasis in English). Now only invited people can access the app. You can download the app on App Store if you are an iPhone user or you can download online if you are an Android user.The vision of this app is to allow users to discover beautiful world, users can post photos or short videos and share with the rest of the world. Before you can access the app, you have to obtain an invitation code shared by your friends.Each user can invite 10 friends to join by sharing a 6 character invitation code. Once the...

The Chinese version of Twitter -- Weibo is going to launch its IPO today on NASDAQ. The stock code is "WB" and its target price per share is set to $17. The total funds it's going to raise is around $328.44 million. Weibo claims it's the first Chinese SNS media to be listed on NASDAQ. Goldman Sachs and Credit Suisse are the joint lead underwriter of the IPO. They have gained one option from Weibo for validity of 30 days to buy 2.52 million shares of ADS. One interesting thing is Goldman Sachs is also the lead underwriter of Twitter's IPO.This is the fifth year since Sina launched Weibo service...