True Pundit

Business Technology World

China’s Twitter Is Now Worth More Than The Real Thing

Share:

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.

While Twitter has a market cap of $11.27 billion, Weibo is sitting at $11.39 billion.

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

FOLLOW US!
Follow on FacebookFollow on Twitter
Share:

Leave a Reply