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Tuesday, Jun 4
Sina (SINA) has begun pitching daily deals to its 40M+ active Weibo users, as it increasingly...
Sina (SINA) has begun pitching daily deals to its 40M+ active Weibo users, as it increasingly turns to e-commerce to monetize the popular microblogging service. Deals can be created by Sina's corporate Weibo clients, and appear both on user feeds and a daily deals portal. Alibaba's recent $586M investment in Sina is widely expected to produce a surge in e-commerce-related Weibo revenue, especially given Sina's revenue promises.