In a bid to turn around its slowing business, Twitter could do worse than learn a thing or two from its Chinese rival – the microblogging site, Sina Weibo. Weibo, which reported a 30% rise in monthly active users to 340 million in the first quarter of 2017, now has a market capitalization of $16.4 billion. Twitter, which is actually banned in China, has 328 million monthly active users and a $13.5 billion market capitalization. The company is 50% owned by Sina Corporation, a Chinese media company that is also behind one of the country’s largest news sites, Sina.com. “Weibo, however, is China’s leading open social media platform.”And it’s a company with plenty of space to grow.

Source: Forbes June 07, 2017 02:44 UTC