Weibo pushes into social commerce with Ymatou investment

Sina and weibo logos on the board in front of Sina Beijing office on Oct 30, 2019 in Beijing. (Image credit: TechNode/Coco Gao) Chinese cross-border e-commerce site Ymatou announced on Monday that it has closed a Series D worth tens of millions of dollars from China’s microblogging platform Weibo, local media reported. Why it matters: Content-driven e-commerce is big business in China.…

Tencent Video, iQiyi blasted on Weibo for levying extra fees on VIP members

Screenshot of the promotion page for costume drama "Qingyunian" on Tencent Video's official site. (Image credit: TechNode) Online video streaming platforms Tencent Video and iQiyi have come under fire on Chinese social media for charging premium subscribers for earlier access to episodes of a popular TV series, resulting in executives from both companies promising to change the pricing policy…

Weibo bans official accounts for crypto platforms Binance and TRON

Screenshot of the Weibo message which displays in place of Binance's and TRON Foundation's official accounts. (Image credit: TechNode) Chinese microblogging platform Weibo has blocked the official accounts for two prominent cryptocurrency companies including a major exchange platform citing violations of laws and regulations, blockchain media The Block reported on Friday. Why it matters:…

Ant Financial to fully integrate Alipay mini programs with Weibo

He Yongmin, general manager of Alipay open ecosystem division, at Ant Financial's open day event. (Image credit: Ant Financial) Ant Financial will fully integrate Alipay's mini-program feature with Chinese social media platform Sina Weibo, the company announced on Tuesday at an event in Hangzhou. Why it matters: Mini-programs have become strategically important to the Alipay platform since…

Weibo pulls Instagram-like social app Oasis from app stores

A screen shot of the Oasis official Weibo account. (Image credit: TechNode) Chinese microblogging platform Weibo pulled its newly launched social and lifestyle app Oasis Wednesday from Android and iOS app stores after a user posted about a striking similarity between its logo and another created by a South Korean design firm for a music festival. The removal is a preemptive move from Weibo,…

Weibo testing new social lifestyle app, Oasis

Screenshots of Weibo's new Oasis app. (Image credit: TechNode) Chinese microblogging platform Weibo on Monday launched a new lifestyle platform, Oasis, that combines social media and forum functionalities. Why it matters: The launch of the new app may help microblogging platform Weibo fend off competition from Xiaohongshu, which has been facing criticism over misleading content in recent…

Briefing: National Library of China to archive 200 billion Weibo posts

China’s national library to archive 200 billion Weibo posts in project to preserve country’s digital heritage - SCMP What happened: The National Library of China will archive more than 200 billion posts from microblogging platform Weibo, as well as 210 million articles from news site Sina, which is owned by the same company. Both will be preserved as a part of the history of China's internet…

Briefing: New Weibo feature lets users hide posts older than 6 months

Weibo now lets you hide posts older than six months - Abacus What happened: Weibo, China’s answer to Twitter, added a new feature on Friday that allows users to hide posts older than six months. Weibo’s official account stated that the new feature is aimed at “giving users more initiative and managerial power.” By launching the new feature, Weibo is following the footsteps of rival WeChat in…

Weibo users support ‘Apex Legends’ blocking China gamers

An Apex Legends squad (Image credit: Respawn Entertainment). Many users of Chinese social media platform Weibo support the idea of a region block for China in the hit battle royale title “Apex Legends,” amid concerns that lack of regulation could render the newly launched game unplayable. “Apex Legends” launched two months ago and has already amassed a user base of more than 50 million…

Weibo moves to battle fake interactions as government scrutiny persists

Chinese microblogging service Weibo aims to discourage fake comments and reposts on its platform by limiting its count of the total number of interactions such as shares to 1 million. The platform will show a maximum figure of "1 million+" when reposts and comments exceed that amount, the company wrote in a report. The social media platform said the effort aims to "build a virtuous ecosystem for…