Here is the official introduction on Weibo:
Weibo is a leading
social media platform for people to create, distribute and discover
Chinese-language content. By providing an unprecedented and simple way
for Chinese people and organizations to publicly express themselves in
real time, interact with others on a massive global platform and stay
connected with the world, Weibo has had a profound social impact in
China. In March 2014, Weibo had 143.8 million MAUs and 66.6 million
average DAUs. Over 70% of our MAUs in December 2013 accessed Weibo from
mobile devices at least once during the month.
A microcosm of Chinese society and a cultural phenomenon in
China, Weibo allows people to be heard publicly and exposed to the rich
ideas, cultures and experiences of the broader world. Media outlets use
Weibo as a source of news and a distribution channel for their headline
news. Government agencies and officials use Weibo as an official
communication channel for disseminating timely information and gauging
public opinion to improve public services. Individuals and charities use
Weibo to make the world a better place by launching charitable
projects, seeking donations and volunteers and leveraging the
celebrities and organizations on Weibo to amplify their social
influence.
I guess you would agree that Weibo (WB)
is a Chines version of FaceBook (FB). The success of FB will likely be copied by WB in China. Think about what Alibaba has done in China, which is the Chinese version of Amazon and Baidu in China, a Chinese version of Google. I don't see why WB will be less successful. Now WB has finally come to the US market and its IPO debut last week. Its share price shop up over 40% on the first day at one point and closed with about 20% increase. Of course, a lot of euphoria has bought into it. I'm sure it will be a bumpy road for WB, just like FB, that its share price will likely be volatile. But take the opportunity if WB comes down some day and get in earlier for a long-term uptrend for it.
No comments:
Post a Comment