Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
GPT Weekly: CoreWeave Secures $6.3 Billion Nvidia Order
Huawei Unveils Three-Year AI Chip Roadmap as Nvidia Faces Setbacks in China
LATEST
GPT Weekly: CoreWeave Secures $6.3 Billion Nvidia Order
Huawei Unveils Three-Year AI Chip Roadmap as Nvidia Faces Setbacks in China
Tencent Cloud Shuns Price War in Intensifying AI Race
China’s Regulator Ramps Up Push to Curb Food Delivery Subsidy War
Chinese Robot Startup Unitree Gears Up for Market Debut
China Enforces AI Content Labeling Rules to Curb Misuse
Tech Brief (Sept. 2): China Rolls Out Mandatory AI Labeling
Meituan Enters Open-Source AI Race With LongCat Model
Tech Brief (Aug. 29): SenseTime Reports Strong AI Growth
All Hail the Driverless Taxis as China Eyes a $183 Billion Market
Tech Brief (Aug. 27): Cambricon Reports $128 Million Profit, Stock More Than Doubles Since July
Tech Brief (Aug. 26): Musk’s xAI Sues Apple and OpenAI Over Alleged AI Market Monopoly
Exclusive: NetEase’s Youdao CEO Explains How AI Agents Could Build a Future of Virtual Teachers
Ant Group Teams up With Top Beijing Hospital to Launch AI Healthcare Lab
Didi and Meituan Clash in Brazil as Food Delivery Battle Goes to Court
Google Denies Rumors It Is Resuming Full Services on Chinese Mainland
China Proves a Winner in the Gaming Market as Growth Hits a Five-Year High
China’s Booster Robotics Lands New Funding as it Hits a Winning Streak
Amazon to Shut Down Shanghai AI Lab Amid Strategic Shift
Cover Story: A New Gold Rush Begins in China’s Hard Tech Sector

By Charlotte Yang / Nov 29, 2018 02:50 PM / Business & Tech

Photo: VCG

Photo: VCG

Weibo continues to leave Twitter in the dust.

The Chinese social media platform’s monthly active users reached 445.9 million in September, up 70 million from one year before, according to a report Weibo published Wednesday. The platform’s average daily active users also witnessed a surge to about 195 million users. 

Weibo’s growing user base has pushed it way ahead of Twitter, which has been struggling with sharp declines in its own users and is banned in China. For the third quarter, Twitter’s monthly active users fell by 4 million year-on-year to 326 million. 

Weibo’s third-quarter report also posted some strong earnings results. The company's net income per share stood at 75 cents, up from 51 cents per share the same period last year. The company’s total revenue surged 44% to $460.2 million from the same period last year, and advertising and marketing revenue were up 48% to $409.3 million.

Related: Weibo Resurrected by Cyber Celebrities

 


Share this article
Open WeChat and scan the QR code