Sina Weibo Virtual Currency Information Leaked, One Weibi is Worth One Yuan

We have reported the rumored Sina Weibo’s virtual currency, Weibi. There is no official announcement from Sina so far on how and when Sina Weibo will introduce its e-commerce system. But, interesting enough, Sina just updated its development document which leaks the information about its Weibi currency.

Here is how Weibi is defined in the Wiki document for Sina Weibo app developers:

The document also details the requirements for Weibo app developers to use Weibi system. In order to have Weibi system integrated into weibo apps, documents like company name, photocopy of company license, photocopy of ID cards, Tax files etc must be submitted to Sina for validation. That implies Individual developers are not eligible to make money on Weibo.

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