Sina Weibo to start charging users
June 20 , 2012
Sina Weibo, China's biggest Twitter-like microblogging platform, is to start charging for premium features.
For a monthly fee of $1.57, its 300 million users can add personalized pages, voice posts and better security.
The move could help return the firm to profit after it posted a $13.7 million loss for its first quarter in May.
Social media analysts believe Twitter is unlikely to follow suit.
A spokeswoman for Twitter said the firm did not comment on other companies, reiterating that its business model would remain based on advertising.