Baidu (BIDU +8.4%) opts to give up on its microblogging service after Twitter-clone rivals Sina...

|By:, SA News Editor

Baidu (BIDU +8.4%) opts to give up on its microblogging service after Twitter-clone rivals Sina (SINA +9.8%) and Tencent (TCEHY.PK) gain market share. An exec says the search firm will continue to explore new social networking ventures. Shares of all 3 firms follow Chinese tech stocks higher.