info@ceoworld.biz
Thursday, March 28, 2024
CEOWORLD magazine - Latest - CEO Advisory - Sina Corp (SINA) launches $301 million developer fund for its Twitter-like microblog, Weibo

CEO Advisory

Sina Corp (SINA) launches $301 million developer fund for its Twitter-like microblog, Weibo

Sina Corp (SINA), a leading Chinese online media services provider, launched $301 million fund for developers to create applications for its highly popular Twitter-like microblog, Weibo (pronounced ‘way-bore’). Sina is one of the few micro-blogging services still around in China after the government banned Twitter and other competitors for refusing to monitor their content.

The developers will use an open platform interface to create applications for the microblog, the firm said in a statement.The fund is also supported by venture capital firms such as Sequoia Capital and IDG Capital and will encourage the development of applications for finance, entertainment and games.

Unlike Twitter, Sina Weibo is in Chinese, giving it a big edge with local users. It also allows users to attach pictures, video and audio to their postings — something you can’t do easily with Twitter. , Weibo was launched about a year ago and has around 50 million users.

Micro-blogging probably has bigger potential in China than anywhere else in the world. Although like Twitter, Sina Weibo imposes a 140-character limit on messages, 140 Chinese characters convey much more information than 140 characters in English or Spanish.

Major difference between Weibo and Twitter,  Unlike Twitter’s ‘replies’, Weibo’s comments do not appear independently in the feed; instead, they are listed under the entry, more like a traditional blog. All discussion around a single Weibo entry, therefore, can be seen easily in one place. Unlike Twitter, users risk having entries deleted by Weibo,  without explanation, if they contain anything deemed politically sensitive.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
CEOWORLD magazine - Latest - CEO Advisory - Sina Corp (SINA) launches $301 million developer fund for its Twitter-like microblog, Weibo
Megan Batchelor
Executive features editor at The CEOWORLD magazine and lover of reality TV. I eat cereal for breakfast, lunch and dinner.