China’s Twitter Is Now Worth More Than The Real Thing
China’s version of Twitter is now more valuable than real Twitter, serving as a sharp reminder of the growing power of rising tech giants in China.
Weibo Corporation, which manages the popular Chinese microblogging site Sina Weibo, has a higher market cap, or company value, than Twitter Inc., reports Tech in Asia.
Founded in 2009, Weibo’s rise has been as meteoric as the country in which it originated. The site was launched a little over one month after Twitter was blocked in China. Weibo provides Twitter-like services and mimics Facebook, another foreign site banned in China. – READ MORE