KAWO helps brands repurpose and automate their existing social media content onto popular Chinese social channels, giving them access to China’s 591 million Internet users.
China’s take on Twitter, Weibo, sold an 18 percent stake of itself to major e-commerce site Alibaba today. The two hope to make hundreds of millions of dollars for the social media company while building out a mobile and social commerce mode for Alibaba.
China is taking steps to abolish online anonymity by passing a law which requires citizens to identify themselves when signing up for internet and telecommunications services.
Huge Chinese Internet portal Sina denied today that it has plans to launch an IPO for its popular Weibo microblogging service. Rumors have been circulating about a potential IPO and about how valuable such a move could be for Sina. However, Sina CEO Charles Chao said on stage at the GMIC (Global Mobile Internet Conference) in Beijing today that an IPO was not the best route to take with Weibo.