China's Twitter Is Considering An IPO


Photo: DigiCha

Sina, the huge Chinese portal that owns Weibo, the Twitter of China, is talking to investment banks about spinning out the unit onto the public markets.Weibo already has 100 million users, despite starting much later than Twitter and being limited to China, and is growing fast. Despite the fact that Weibo doesn’t monetise at the moment, investment banks value it at $2 to $3 billion, which could make it more valuable than Sina’s own portal business, valued at around $2.5 billion.

(Via TheNextWeb)

Don’t Miss: INSIDE SINA WEIBO: China’s (Much Better) Version Of Twitter →

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

sai-us sina twitter