China Tech Newsletter – Mar. 3, 2016

Weibo’s monthly active users increased 34% year-over-year to 236 million in December 2015. Daily active users reached 106 million, a year-over-year increase of 32%.

The company reports a 42% year-over-year growth in revenue in the fourth quarter of 2015.

87% of the total revenue was from advertising. 37% of the advertising revenue was from Alibaba.

Weibo saw 52% increase in annual advertising revenue. It had had some 664,000 advertisers as of the end of 2015.

Update: 

In the fourth quarter the peak daily video views were more than 290 million, a 53% quarter-over-quarter increase and almost ten times than a year ago.

(full transcript of the conference call)


Sina reports Q4 and full year 2015 results.


Xiaomi launches Redmi Note 3 phone and its Bluetooth speaker in India.


Welian, a social service for startups, announces Series A+ financing from Matrix Partners China.

Founded in August 2014, the service claims to have had some 300,000 registered users. (via Sina Tech)


The cloud computing arm of LeEco (formerly LeTV) announces RMB1 billion (US$150M) funding led by an investment fund of Chongqing Municipality. LeEco’s stake in it will be reduced from 60% to 50% after the deal completes. (via Sina Tech)


51Jobs reports fourth quarter and full year 2015 results.

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