Sina Weibo, China's Twitter, Valued At $6 Billion
Most mainstream social media networks – Twitter, Facebook, Google+, and YouTube – are banned in China, leaving Chinese social media users to log onto Sina Weibo (China’s Twitter), Renren (China’s Facebook), Tencent Weibo (China’s Tumblr) and Tudou (China’s YouTube) instead. And they’re doing so with incredible quantity.
Today, Sina Weibo – China’s Twitter – announced $30 million in ad revenue during Q2 2013, more than 200% year-over-year growth.
Not only that: user count on Sina Weibo is way up (daily active users jumped to 54 million in June, an 8.6%
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in