The Twitter Of China Is Planning A US IPO

HONG KONG (Reuters) - Sina Corp has hired Credit Suisse AG and Goldman Sachs Group Inc for a U.S. initial public offering of its Sina Weibo microblogging service worth about $500 million, a source familiar with the plans said on Monday.

Sina Weibo, one of several Chinese Twitter-like short messaging blogs, plans a listing in the second quarter, added the source, who was not authorized to speak publicly on the matter.

(Reporting by Elzio Barreto; Editing by Michael Flaherty and Matt Driskill)