Let's twitter more! Recently, a lot of social networking and microblogging services have appeared over the world. Some of them grow their market share and the others fall apart. China is a good example with its huge territory and rising population of billions of people. Such conditions raise chances that a home-grown alternative to popular apps will occupy a significant segment of the local market. That is why, the Chinese “twitter” Weibo thrives and now the company is getting ready to go public in the US. A source familiar with the plans said on Monday that a U.S. initial public offering of the microblogging service is worth about $500 million. One of several Chinese Twitter-like short messaging blogs plans a listing in the second quarter, the source added. Sina Corporation controlling Weibo has already discussed the matter with Goldman Sachs and Credit Suisse and has hired them for the US IPO. Analysts are estimating the value of Weibo to be about $8 billion. Since its inception, the app has got over 500,000 users. There are up to 60.2 million users online daily! The service became so popular thanks to the fact that it has the best features of both Twitter and Facebook, and the hybrid quickly went viral beyond the Empire's borders. Many foreign politicians have accounts in Weibo. David Cameron, the UK Prime Minister, and Christine Laggard, the head of the International Monetary Fund, are registered there. As we know, a lot of internet resources are censored in China. All messages are checked by moderators. There are also concerns that the Chinese internet company Alibaba Group is preparing IPO worth more than $100 billion in the second part of the year.