Weibo is Beating Tencent in this Key Market
Tencent's (NASDAQOTH: TCEHY) WeChat is the most popular messaging app in China. Its monthly active users (MAUs) rose 20% annually to 963 million last quarter, and its growing ecosystem allows users to make payments, hail rides, order food, and access other services without ever leaving the app.
Weibo (NASDAQ: WB), a microblogging platform which is often called the "Twitter of China", reaches a smaller audience but has plenty of momentum. Its MAUs rose 28% to 361 million last quarter, and its expanding ecosystem now includes video streams, Reddit-like forums, and mobile payment capabilities from Alibaba (NYSE: BABA).
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Source: Fool.com
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