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Weibo shares rise after third quarter beat

China's equivalent of Twitter continues to make a loss, but investors seem happy enough with its latest results.

Shares of Weibo gained 3 per cent in after hours trading, after the Chinese microblog service beat third quarter estimates.

Weibo reported a net loss of $5.2m or 3 cents a share in the three months ended in September, compared to $5.3m or 4 cents a share in the year-ago period. Sales climbed 58 per cent to $84.1m.

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