China's social media firm Weibo to evaluate options after delisting risk in US

China's social media firm Weibo to evaluate options after delisting risk in US

The logo of Chinese social media app Weibo is seen on a mobile phone in this illustration picture taken December 7, 2021. REUTERS/Florence Lo/Illustration

Weibo Corp said on Thursday it will consider evaluating options after the Chinese social media platform was added to U.S. securities regulator’s list of companies facing the risk of being delisted.

Washington has long demanded complete access to the books of U.S.-listed companies, but Beijing, citing national security concerns, bars foreign inspection of working papers from local accounting firms.

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