Weibo, the Chinese Twitter, wants to go to Wall Street :
The social network launched in 2009 aims to NYSE , like other Chinese internet companies . But the censorship could be a hindrance to its growth ...
Weibo is Wall Street. He is called the "Chinese Twitter " Friday announced its intention to enter the New York Stock Exchange and wants to raise $ 500 million to enable it to accelerate its growth Around the issue in four points.
Weibo is Wall Street. He is called the "Chinese Twitter " Friday announced its intention to enter the New York Stock Exchange and wants to raise $ 500 million to enable it to accelerate its growth Around the issue in four points.
Weibo , the Chinese Twitter :
This social network launched in August 2009, was developed by Sina , the Chinese Internet giant , which owns 77.6 %. Weibo means " micro -blog " in Chinese. Platform , like its American counterpart, lets you post a message 140 Chinese characters maximum enclosing multimedia content.
As on Twitter , users who "follow" the author can comment or repost publications.But where Twitter has about 241 million active users only at least once in the month, in Weibo claimed 129.1 million in December , including 61.4 million who use its services daily. In December , 2.8 billion messages were posted there .
Weibo figures :
Just like Twitter, its growth slows, although in 2013 , Weibo has achieved a turnover of $ 188 million , nearly triple the previous year to 66 million.It is still short but has reduced its net loss of 102 million to 38 million dollars between 2012 and 2013. Twitter, went public in November, accused him last year a net loss of $ 645 million for a turnover of 665 million dollars. As Twitter at the time of IPO , Weibo warns that it may not become or remain profitable. It stresses have "a limited history in a new market " and be confronted with a "strong competition".
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