Sina Weibo claims its daily active users in Q4 2013 are 61.4 million, as its parent company reported yesterday, instead of 25 million as it was rumored one month ago. Weibo reported a 124% increase in total revenue which is USD71.4 million, with 78% from advertising and the rest from paid offerings, for the quarter. Weibo even managed to turn USD3 million profit.

Sina must have been working hard to make the numbers associated with Weibo look better for the planned IPO in the U.S.. We learned that it would happen as soon as this May or later in the second quarter.

It’s possible that the term “Twitter of China” will cause hype again then, but for investors the IPO cannot be the best chance to take advantage of the fact of its being a Twitter clone in such a huge market where Twitter is blocked.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com