Weibo – a Chinese Social Media platform
Mindjumpers
OCTOBER 27, 2014
Moreover, after Alibaba Group (the largest e-commerce group in China) acquired an 18% stake in weibo, cross-linking between e-commerce, the social network and simplified pay systems it generated new ways of B2C and C2C business. Weibo users tend to be 20- to 40-year-old, well educated people with an above average income.
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