Sina Weibo Claims 250M+ Users: Charles Cao, CEO of Chinese portal site Sina announced Sina Weibo the twitter-like service has surpassed 250 million users with more than 100 million posts popping up every day. He said that Sina Weibo has now reached juvenile period with more power to be capitalized on.

Jiayuan Topped Best China Concepts Stocks: Jiayuan topped a chart by financial vertical Cnanalyst.com regarding China Concepts Stocks with upside potential. Youku and Melco Crown Entertainment Ltd. came in second and third respectively. Other Chinese companies made it to the list include: Qihoo360 (4th), Dangdang (5th), Bona Film Group (6th), Baidu (7th), China Unicom (8th), Noahedu (9th) and NetQin (10th).

Sina iAsk Accounts Compromised: Rising, one of the largest online security vendors in China announced lately that Sina iAsk, the search arm of Sina was hacked through SQL injection flaws with more than 70 million accounts being compromised.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.