BEIJING, May 23, 2019 /PRNewswire/ -- Weibo Corporation
("Weibo" or the "Company") (NASDAQ: WB), a leading social media in
China, today announced its
unaudited financial results for the first quarter ended
March 31, 2019.
"We are pleased with Weibo's first quarter results," said Gaofei
Wang, CEO of Weibo. "Weibo has delivered solid traffic growth
through effective product upgrade and channel investment. We have
also achieved strong advertising revenue growth for KA business, as
we demonstrated unique value proposition for brand customers with
the breadth of our social ad offerings and enhanced ad
performance," said Mr. Wang.
First Quarter 2019 Highlights
- Net revenues increased 14% year-over-year to $399.2 million.
- Advertising and marketing revenues increased 13% year-over-year
to $341.1 million.
- Value-added service ("VAS") revenues increased 24%
year-over-year to $58.0 million.
- Net income attributable to Weibo was $150.4 million, an increase of 52%
year-over-year, and diluted net income per share was $0.66, compared to $0.44 for the same period last year.
- Non-GAAP net income attributable to Weibo was $128.5 million, an increase of 14%
year-over-year, and non-GAAP diluted net income per share was
$0.56, compared to $0.50 for the same period last year.
- Monthly active users ("MAUs") were 465 million in March 2019, a net addition of approximately 54
million users on year over year basis. Mobile MAUs represented
approximately 94% of MAUs.
- Average daily active users ("DAUs") were 203 million in
March 2019, a net addition of
approximately 19 million users on year over year basis.
First Quarter 2019 Financial Results
For the first quarter of 2019, Weibo's total net revenues were
$399.2 million, an increase of 14%
compared to $349.9 million for the
same period last year.
Advertising and marketing revenues for the first quarter of 2019
were $341.1 million, an increase of
13% compared to $302.9 million for
the same period last year. Advertising and marketing revenues from
small & medium-sized enterprises ("SMEs") and key accounts
("KAs") were $324.5 million,
representing an increase of 17% compared to $276.6 million same period last year.
VAS revenues for the first quarter of 2019 were $58.0 million, an increase of 24% year-over-year
compared to $46.9 million for the
same period last year, mainly attributable to the revenues derived
from the live streaming business acquired in the fourth quarter of
2018.
Costs and expenses for the first quarter of 2019 totaled
$276.1 million, compared to
$240.5 million for the same period
last year. The increase in costs and expenses was primarily due to
the costs of revenue share incurred by the live streaming business
and the increase in personnel related costs and expenses. Non-GAAP
costs and expenses were $262.4
million, compared to $229.3
million for the same period last year.
Income from operations for the first quarter of 2019 was
$123.1 million, compared to
$109.4 million for the same period
last year. Non-GAAP income from operations was $136.8 million, compared to $120.6 million for the same period last year.
Non-operating income for the first quarter of 2019 was
$48.6 million, compared to
$7.6 million for the same period last
year, mainly resulted from a gain of $38.5
million from fair value change of investments for the first
quarter of 2019.
Income tax expenses were $21.1
million, compared to $18.3
million for the same period last year.
Net income attributable to Weibo for the first quarter of 2019
was $150.4 million, compared to
$99.1 million for the same period
last year. Diluted net income per share attributable to Weibo for
the first quarter of 2019 was $0.66,
compared to $0.44 for the same period
last year. Non-GAAP net income attributable to Weibo for the first
quarter of 2019 was $128.5 million,
compared to $112.6 million for the
same period last year. Non-GAAP diluted net income per share
attributable to Weibo for the first quarter of 2019 was
$0.56, compared to $0.50 for the same period last year.
As of March 31, 2019, Weibo's
cash, cash equivalents and short-term investments totaled
$1.49 billion. For the first quarter
of 2019, cash provided by operating activities was $80.8 million, capital expenditures totaled
$7.7 million, and depreciation and
amortization expenses amounted to $6.2
million.
Business Outlook
For the second quarter of 2019, Weibo estimates its net revenues
to be between $427 million and
$437 million, or an increase of 7%
year over year to 10% year over year on a constant currency basis.
This forecast reflects the currency translation risks and assumes
an average exchange rate of RMB 6.90
to US$1.00. This forecast also
reflects Weibo's current and preliminary view, which is subject to
change.
Conference Call
Weibo's management team will host a conference call from
7AM – 8AM
Eastern Time on May 23, 2019
(or 7 PM – 8
PM Beijing Time on May 23,
2019) to present an overview of the Company's financial
performance and business operations. A live webcast of the call
will be available through the Company's corporate website at
http://ir.weibo.com.
The conference call can be accessed as follows:
US Toll
Free:
|
+1
866-519-4004
|
Hong Kong Toll
Free:
|
800-906-601
|
China:
|
400-620-8038
|
International:
|
+65
6713-5090
|
Passcode for all
regions:
|
5995595
|
A replay of the conference call will be available from 22:00
China Standard Time on May 23, 2019
to 21:59 China Standard Time on May 31,
2019. The dial-in number is +61 2-8199-0299. The passcode
for the replay is 5995595.
Non-GAAP Financial Measures
This release contains the following non-GAAP financial measures:
non-GAAP costs and expenses, non-GAAP income from operations,
non-GAAP net income attributable to Weibo, non-GAAP diluted net
income per share attributable to Weibo and adjusted EBITDA. These
non-GAAP financial measures should be considered in addition to,
not as a substitute for, measures of the Company's financial
performance prepared in accordance with U.S. GAAP.
The Company's non-GAAP financial measures exclude stock-based
compensation, amortization of intangible assets, net results of
impairment on, gain on sale of and fair value change of
investments, non-GAAP to GAAP reconciling items on the share of
equity method investments, non-GAAP to GAAP reconciling items for
the income/loss attributable to non-controlling interests,
provision for income tax related to the amortization of intangible
assets (other non-GAAP to GAAP reconciling items have no tax
effect), and amortization of convertible debt issuance cost.
Adjusted EBITDA excludes interest income, net, income tax expenses,
and depreciation expenses. The Company's management uses these
non-GAAP financial measures in their financial and operating
decision-making, because management believes these measures reflect
the Company's ongoing operating performance in a manner that allows
more meaningful period-to-period comparisons. The Company believes
that these non-GAAP financial measures provide useful information
to investors and others in the following ways: (i) in comparing the
Company's current financial results with the Company's past
financial results in a consistent manner, and (ii) in understanding
and evaluating the Company's current operating performance and
future prospects in the same manner as management does, if they so
choose. The Company also believes that the non-GAAP financial
measures provide useful information to both management and
investors by excluding certain expenses, gains (losses) and other
items (i) that are not expected to result in future cash payments
or (ii) that are non-recurring in nature or may not be indicative
of the Company's core operating results and business outlook.
Use of non-GAAP financial measures has limitations. The
Company's non-GAAP financial measures do not include all income and
expense items that affect the Company's operations. They may not be
comparable to non-GAAP financial measures used by other companies.
Accordingly, care should be exercised in understanding how the
Company defines its non-GAAP financial measures. Reconciliations of
the Company's non-GAAP financial measures to the nearest comparable
GAAP measures are set forth in the section below titled "Unaudited
Reconciliation of Non-GAAP to GAAP Results."
About Weibo
Weibo is a leading social media for people to create, share
and discover content online. Weibo combines the means of public
self-expression in real time with a powerful platform for social
interaction, content aggregation and content distribution. Any user
can create and post a feed and attach multi-media and long-form
content. User relationships on Weibo may be asymmetric;
any user can follow any other user and add comments to a feed while
reposting. This simple, asymmetric and distributed nature
of Weibo allows an original feed to become a live viral
conversation stream.
Weibo enables its advertising and marketing customers to
promote their brands, products and services to
users. Weibo offers a wide range of advertising and
marketing solutions to companies of all sizes. The Company
generates a substantial majority of its revenues from the sale of
advertising and marketing services, including the sale of social
display advertisement and promoted marketing
offerings. Designed with a "mobile first" philosophy, Weibo
displays content in a simple information feed format and offers
native advertisement that conform to the information feed on our
platform. To support the mobile format, we have developed and
continuously refining our social interest graph recommendation
engine, which enables our customers to perform people marketing and
target audiences based on user demographics, social relationships,
interests and behaviors, to achieve greater relevance, engagement
and marketing effectiveness.
Safe Harbor Statement
This press release contains forward-looking statements that
relate to, among other things, Weibo's expected financial
performance and strategic and operational plans (as described,
without limitation, in the "Business Outlook" section and in
quotations from management in this press release. Weibo may also
make forward-looking statements in the Company's periodic reports
to the U.S. Securities and Exchange Commission ("SEC"), in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about the
Company's beliefs and expectations, are forward-looking statements.
These forward-looking statements can be identified by terminology,
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "confidence," "estimates" and similar
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties
include, but are not limited to, Weibo's limited operating history
in certain new businesses; failure to grow active user base and the
level of user engagement; the uncertain regulatory landscape in
China; fluctuations in the
Company's quarterly operating results; the Company's reliance on
advertising and marketing sales for a majority of its revenues;
failure to successfully develop, introduce, drive adoption of or
monetize new features and products; failure to compete effectively
for advertising and marketing spending; failure to successfully
integrate acquired businesses; risks associated with the Company's
investments, including equity pick-up and impairment; failure to
compete successfully against new entrants and established industry
competitors; changes in the macro-economic environment, including
the depreciation of the Renminbi; and adverse changes in economic
and political policies of the PRC government and its impact on the
Chinese economy. Further information regarding these and other
risks is included in Weibo's annual report on Form 20-Fs and other
filings with the SEC. All information provided in this press
release is current as of the date hereof, and Weibo assumes no
obligation to update such information, except as required under
applicable law.
Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@staff.weibo.com
WEIBO
CORPORATION
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
|
(In thousands,
except per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
|
|
March
31,
|
|
December
31,
|
|
|
|
2019
|
|
2018
|
|
2018
|
|
|
|
|
|
|
|
|
Net
revenues:
|
|
|
|
|
|
|
Advertising and
marketing
|
|
$
341,141
|
|
$
302,949
|
|
$
417,016
|
Value-added
service
|
|
58,036
|
|
46,934
|
|
64,859
|
|
Net
revenues
|
|
399,177
|
|
349,883
|
|
481,875
|
|
|
|
|
|
|
|
|
Costs and
expenses:
|
|
|
|
|
|
|
Cost of revenues
(1)
|
|
82,817
|
|
62,902
|
|
82,940
|
Sales and marketing
(1)
|
|
106,151
|
|
105,863
|
|
140,525
|
Product
development(1)
|
|
69,853
|
|
60,523
|
|
62,515
|
General and
administrative(1)
|
|
17,287
|
|
11,216
|
|
12,865
|
|
Total costs and
expenses
|
|
276,108
|
|
240,504
|
|
298,845
|
Income from
operations
|
|
123,069
|
|
109,379
|
|
183,030
|
|
|
|
|
|
|
|
|
Non-operating
income (loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impairment on, gain on sale of and
fair value change of
investments, net
|
|
37,797
|
|
(1,499)
|
|
(12,936)
|
Interest and other income , net
|
|
10,781
|
|
9,128
|
|
11,038
|
|
|
|
48,578
|
|
7,629
|
|
(1,898)
|
|
|
|
|
|
|
|
|
Income before
income tax expenses
|
|
171,647
|
|
117,008
|
|
181,132
|
Income tax
expenses
|
|
(21,073)
|
|
(18,297)
|
|
(14,895)
|
Net
income
|
|
150,574
|
|
98,711
|
|
166,237
|
|
|
|
|
|
|
|
|
Less: Net income (loss) attributable to
non-controlling interests
|
132
|
|
(374)
|
|
(270)
|
|
|
|
|
|
|
|
|
Net income
attributable to Weibo
|
$
150,442
|
|
$
99,085
|
|
$
166,507
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net income
per share attributable to Weibo
|
$
0.67
|
|
$
0.44
|
|
$
0.74
|
Diluted net income
per share attributable to Weibo
|
$
0.66
|
|
$
0.44
|
|
$
0.73
|
|
|
|
|
|
|
|
|
Shares used in
computing basic
|
|
|
|
|
|
|
net
income per share attributable to Weibo
|
224,924
|
|
222,902
|
|
224,479
|
Shares used in
computing diluted
|
|
|
|
|
|
|
net
income per share attributable to Weibo
|
232,894
|
|
225,971
|
|
232,558
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Stock-based
compensation in each category:
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
$
1,112
|
|
$
1,011
|
|
$
(618)
|
|
Sales and
marketing
|
|
2,039
|
|
1,968
|
|
(1,205)
|
|
Product
development
|
|
6,058
|
|
5,051
|
|
2,243
|
|
General and
administrative
|
|
3,686
|
|
2,984
|
|
1,975
|
WEIBO
CORPORATION
|
UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
|
(In
thousands)
|
|
|
|
|
|
|
|
March
31,
|
|
December
31,
|
|
|
2019
|
|
2018
|
|
|
|
|
|
Assets
|
|
|
|
|
Current
assets:
|
|
|
|
|
Cash and cash equivalents
|
|
$
826,990
|
|
$
1,234,596
|
Short-term investments
|
|
666,244
|
|
591,269
|
Accounts receivable, net
|
|
456,216
|
|
369,093
|
Prepaid expenses and other current assets
|
|
269,863
|
|
168,821
|
Amount due from SINA(1)
|
|
310,237
|
|
105,319
|
Current assets
subtotal
|
|
2,529,550
|
|
2,469,098
|
|
|
|
|
|
Property and
equipment, net
|
|
47,114
|
|
45,623
|
Goodwill and
intangible assets, net
|
|
50,838
|
|
50,449
|
Long-term
investments
|
|
872,114
|
|
694,586
|
Other
assets(2)
|
|
88,808
|
|
14,926
|
Total
assets
|
|
$
3,588,424
|
|
$
3,274,682
|
|
|
|
|
|
Liabilities and
Shareholders' Equity
|
|
|
|
|
Liabilities:
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
Accounts payable
|
|
$
153,337
|
|
$
123,730
|
Accrued expenses and other current
liabilities(2)
|
|
378,133
|
|
317,437
|
Deferred revenues
|
|
145,483
|
|
99,994
|
Income tax payable
|
|
58,399
|
|
88,683
|
Current liabilities
subtotal
|
|
735,352
|
|
629,844
|
|
|
|
|
|
Long-term
liabilities:
|
|
|
|
|
Convertible debt
|
|
885,158
|
|
884,123
|
Other long-term liabilities(2)
|
|
22,306
|
|
12,577
|
Total liabilities
|
|
1,642,816
|
|
1,526,544
|
|
|
|
|
|
Shareholders'
equity :
|
|
|
|
|
Weibo shareholders'
equity
|
|
1,942,702
|
|
1,745,459
|
Non-controlling
interests
|
|
2,906
|
|
2,679
|
Total shareholders' equity
|
|
1,945,608
|
|
1,748,138
|
|
|
|
|
|
Total liabilities
and shareholders' equity
|
|
$
3,588,424
|
|
$
3,274,682
|
|
|
|
|
|
(1) Included
short-term loans to SINA of $233.9 million as of March 31, 2019 and
$43.6 million as of December 31,
2018.
|
|
|
|
|
|
(2) The Company
adopted the new leasing guidance (ASU 2016-2) started from January
1, 2019, which requires that
a lessee recognize the assets and liabilities that arise from
operating leases. The Company recognized a right-of-use
asset and a liability relating to lease payments (the Lease
Liability) in the statements of financial position for lease
contracts having terms beyond 12 months period. The adoption of new
leasing guidance resulted in recognition of
$13.8 million of right-of-use asset and a total of $14.3 million of
leasing liability as of March 31, 2019.
|
WEIBO
CORPORATION
|
UNAUDITED
RECONCILIATION OF NON-GAAP TO GAAP RESULTS
|
(In thousands,
except per share data)
|
|
|
Three months
ended
|
|
March 31,
2019
|
|
March 31,
2018
|
|
December 31,
2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP
|
|
|
|
|
|
Non-GAAP
|
|
|
|
|
|
Non-GAAP
|
|
Actual
|
|
Adjustments
|
|
Results
|
|
Actual
|
|
Adjustments
|
|
Results
|
|
Actual
|
|
Adjustments
|
|
Results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertising and
marketing
|
$
341,141
|
|
|
|
$
341,141
|
|
$
302,949
|
|
|
|
$
302,949
|
|
$
417,016
|
|
|
|
$
417,016
|
Value-added
service
|
58,036
|
|
|
|
58,036
|
|
46,934
|
|
|
|
46,934
|
|
64,859
|
|
|
|
64,859
|
Net
revenues
|
$
399,177
|
|
|
|
$
399,177
|
|
$
349,883
|
|
|
|
$
349,883
|
|
$
481,875
|
|
|
|
$
481,875
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(12,895)
|
(a)
|
|
|
|
|
(11,014)
|
(a)
|
|
|
|
|
(2,395)
|
(a)
|
|
|
|
|
(860)
|
(b)
|
|
|
|
|
(169)
|
(b)
|
|
|
|
|
(925)
|
(b)
|
|
Total costs and
expenses
|
$
276,108
|
|
$
(13,755)
|
|
$
262,353
|
|
$
240,504
|
|
$
(11,183)
|
|
$
229,321
|
|
$
298,845
|
|
$
(3,320)
|
|
$
295,525
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,895
|
(a)
|
|
|
|
|
11,014
|
(a)
|
|
|
|
|
2,395
|
(a)
|
|
|
|
|
860
|
(b)
|
|
|
|
|
169
|
(b)
|
|
|
|
|
925
|
(b)
|
|
Income from
operations
|
$
123,069
|
|
$
13,755
|
|
$
136,824
|
|
$
109,379
|
|
$
11,183
|
|
$
120,562
|
|
$
183,030
|
|
$
3,320
|
|
$
186,350
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,895
|
(a)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
860
|
(b)
|
|
|
|
|
11,014
|
(a)
|
|
|
|
|
2,395
|
(a)
|
|
|
|
|
(37,797)
|
(c)
|
|
|
|
|
169
|
(b)
|
|
|
|
|
925
|
(b)
|
|
|
|
|
1,249
|
(d)
|
|
|
|
|
1,499
|
(c)
|
|
|
|
|
12,936
|
(c)
|
|
|
|
|
(45)
|
(e)
|
|
|
|
|
(118)
|
(e)
|
|
|
|
|
(64)
|
(e)
|
|
|
|
|
(126)
|
(f)
|
|
|
|
|
(42)
|
(f)
|
|
|
|
|
(145)
|
(f)
|
|
|
|
|
1,035
|
(g)
|
|
|
|
|
1,035
|
(g)
|
|
|
|
|
1,035
|
(g)
|
|
Net income
attributable to Weibo
|
$
150,442
|
|
$
(21,929)
|
|
$
128,513
|
|
$
99,085
|
|
$
13,557
|
|
$
112,642
|
|
$
166,507
|
|
$
17,082
|
|
$
183,589
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net income
per share attributable to Weibo
|
$
0.66*
|
|
|
|
$
0.56*
|
|
$
0.44
|
|
|
|
$
0.50*
|
|
$
0.73*
|
|
|
|
$
0.80*
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in
computing diluted
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
net income per share attributable to Weibo
|
232,894
|
|
|
|
232,894
|
|
225,971
|
|
6,753
|
(h)
|
232,724
|
|
232,558
|
|
|
|
232,558
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted
EBITDA:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income
attributable to Weibo
|
|
|
|
|
$
128,513
|
|
|
|
|
|
$
112,642
|
|
|
|
|
|
$
183,589
|
Interest income,net
|
|
|
|
|
(14,208)
|
|
|
|
|
|
(10,909)
|
|
|
|
|
|
(11,476)
|
Income tax expenses
|
|
|
|
|
21,199
|
|
|
|
|
|
18,339
|
|
|
|
|
|
15,040
|
Depreciation expenses
|
|
|
|
|
5,305
|
|
|
|
|
|
4,521
|
|
|
|
|
|
4,915
|
Adjusted
EBITDA
|
|
|
|
|
$
140,809
|
|
|
|
|
|
$
124,593
|
|
|
|
|
|
$
192,068
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) To
exclude stock-based compensation.
|
(b) To
exclude amortization of intangible assets.
|
(c) To
exclude net results of impairment on, gain on sale of and fair
value change of investments.
|
(d) To exclude the
non-GAAP to GAAP reconciling items on the share of equity method
investments.
|
(e) To
exclude non-GAAP to GAAP reconciling items for the income/loss
attributable to non-controlling interests.
|
(f) To
exclude the provision for income tax related to item (b). Other
non-GAAP to GAAP reconciling items have no income tax
effect.
|
The Company
considered the tax implication arising from the reconciliation
items and part of these items recorded in entities in tax free
jurisdictions were without relevant tax
implications.
|
For
impairment on investments, valuation allowances were made for those
differences the Company does not expect they can be realized in the
foreseeable future.
|
(g) To
exclude the amortization of convertible debt issuance
cost.
|
(h) To adjust the
number of shares for dilution resulted from convertible debt which
were anti-dilutive under GAAP measures.
|
|
* Net income
attributable to Weibo is adjusted for interest expense of
convertible debt for calculating diluted EPS.
|
WEIBO
CORPORATION
|
UNAUDITED
ADDITIONAL INFORMATION
|
(In
thousands)
|
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
|
March
31,
|
|
December
31,
|
|
|
2019
|
|
2018
|
|
2018
|
|
|
|
|
|
|
|
Net
revenues
|
|
|
|
|
|
|
Advertising and
marketing
|
|
|
|
|
|
|
Small & medium-sized
enterprises and key accounts
|
$
324,506
|
|
$
276,613
|
|
$
385,464
|
|
Alibaba
|
16,635
|
|
26,336
|
|
31,552
|
|
Subtotal
|
341,141
|
|
302,949
|
|
417,016
|
|
|
|
|
|
|
|
|
Value-added
service
|
58,036
|
|
46,934
|
|
64,859
|
|
|
$ 399,177
|
|
$ 349,883
|
|
$
481,875
|
View original
content:http://www.prnewswire.com/news-releases/weibo-reports-first-quarter-2019-unaudited-financial-results-300855794.html
SOURCE Weibo Corporation