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China tech

Sina, New York's first Chinese internet stock, prepares to depart

Weibo parent pioneered workaround copied by Alibaba and Tencent

After first establishing itself as China's leading web portal, Sina launched microblogging service  Weibo which launched a new era for social media in the country.   © Reuters

Sina, the first Chinese internet company listed in the U.S., will ask shareholders on Wednesday for approval to join an exodus from New York amid rising tensions between Washington and Beijing.

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