Asian Tech Press (Sep 24) -- Weibo Corp. (NASDAQ: WB), China's Twitter-like platform, has filed confidentially for a secondary listing in Hong Kong that could raise about $1 billion, IFR reported Friday, citing unnamed sources.

Weibo is said to have hired Goldman Sachs, Credit Suisse and CLSA ltd. to arrange the IPO.

Sources said the deal could go ahead as early as this year, but the timing will depend heavily on when China announces detailed regulatory requirements for tech giants and cybersecurity issues.

Weibo said it had no comment.

The news comes on the heels of media reports that Weibo Co. was registered in on Sept. 7, with Weibo CEO Gaofei Wang as a director, which is presumably related to the plans to go public in Hong Kong.