Ren Media
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Ren Media
+44 208 4468853
Published on 28th July 2010
We've noticed a trend starting over the last few days with some investment blogs touting China's Sina Weibo as a potential money spinner.
Some of the figures being thrown around are 50 million users by the end of the year (a 10-fold growth) and 120 million (conservative?) by 2012.
For those who don't know, Sina Weibo (literally Sina Micro-blog) is one of China's hottest internet properties. A Twitter like site, it's seen huge expansion over the last year. It's owned by Sina Corporation (NASDAQ: SINA), a Shanghai-based online media company
As some commentators have noted, Sina Weibo has remained fairly immune to the recent crackdown by the Chinese government as it complies with censorship regulations.
With China's massive 420 million internet population seeking an outlet for their social media cravings, this is certainly a space that needs to be watched.
Sources: Business.financialpost.com
