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Weibo

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Not long ago, China’s answer to Twitter was struggling: The microblog platform had lost ground to Tencent’s messaging service, WeChat, and China’s censors had begun forcing the closure of user accounts. But Weibo has shrugged off tough times to become a powerful outlet, not just for short posts but for long-form content such as news reports, film reviews, and videos. Second-­quarter revenue grew 68%, and the platform clocked 431 million monthly active users, up 19% year over year—all generating troves of data that Weibo is now monetizing.

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Overall Score

5.4

Sector

Technology

Industry

Internet Software and Services

CEO

Gaofei Wang

Employees

3,361

HQ Location

Beijing

Revenues ($M) (Past 12 Months)

$1,474

Profits ($M) (Past 12 Months)

$472

Market Value as of Oct. 10, 2018 ($M)

$12,583

Revenue and net income for 12 months ended June 30, 2018. Sources: Bloomberg; S&P Global.

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CEO Daily: Saturday, August 12, 2017

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