Jack Xu, CTO of Sina, confirmed the latest rumor that Weibo, a Twitter-like service, was preparing for an IPO, according to a local newspaper Nandu (in Chinese).

Earlier this week, a journalist with Sohu IT broke the news that Sina had started preparing for a 2014 IPO, transferring employment contracts of Weibo staff who used to work at Sina’s news portal, the wireless service division or Sina’s music service division (has been merged into Weibo) to the company that operates Weibo.(in Chinese)

In 2010, Charles Chao, CEO of Sina, and Peng Shaobin, former head of Weibo, registered Micro-dream Creation Technology (Wei Meng Chuang Xin in Chinese), a separate company for Weibo. It is widely speculated that Weibo will go IPO as this company.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com