Categories: Science & Technology

Sina Weibo introduces membership charge for premium features

Sina Weibo, China’s biggest Twitter-like microblogging platform, is introducing a membership charge for premium features.

For a monthly fee of 10 yuan ($1.57) its 300 million users can add personalized pages, voice posts and better security, among other services.

The move could help return the firm to profit. It posted a $13.7 million loss for its first quarter in May.

One analyst called it a “bold move”, adding Twitter was unlikely to follow.

Sina Weibo is introducing a total of 15 added VIP features, according to the Tech in Asia blog.

It said the move built on other recent innovations added to the platform including social games and a virtual currency called Weibi.

One Beijing-based business consultant noted the decision to charge fees had followed government pressure on the business to boost efforts to filter out illegal posts by some of its members, increasing its costs.

Sina Weibo, China's biggest Twitter-like microblogging platform, is introducing a membership charge for premium features

“Weibo has become an indispensable tool to Chinese netizens, although some argue of late that it has become less compelling due to the restrictions,” said Duncan Clark, chairman of BDA.

“But for Sina of course ultimately its aim is not to run the service as a charity.

“This could be a tricky situation – if they push too far to monetize they could tarnish their brand, but if they don’t succeed in converting all this traffic to commercial value then it’s ultimately unsustainable in the long term.”

While the move may prove a success for the Chinese firm, independent media analyst Mark Mulligan suggested it would be a mistake for western social networks to follow at this point.

“It’s a very brave move, and I do not think it is likely that Twitter would follow a similar route, certainly not at this stage,” he said.

“In order to start charging for something that people expect to be free, a company has to be very confident of its market position.

“Any social tool faces competition – Facebook has done a lot trying to emulate microblogging with its timeline features. If Twitter tried to [introduce fees], Facebook would capitalise on that and try to implement a much richer set of services entirely free.”

He added that the dynamics were different in China and Sina Weibo might not be afraid of competition since other domestic web giants, such as Tencent and Renren, had also introduced membership fees for some add-on services.

A spokeswoman for Twitter said the firm did not comment on other companies, adding that its business model remained based on advertising.

 

Nancy Clayson

Nancy is a young, full of life lady who joined the team shortly after the BelleNews site started to run. She is focused on bringing up to light all the latest news from the technology industry. In her opinion the hi-tech expresses the humanity intellectual level. Nancy is an active person; she enjoys sports and delights herself in doing gardening in her spare time, as well as reading, always searching for new topics for her articles.

Recent Posts

Donald Trump and Elon Musk Celebrate Election Victory at UFC 309

Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…

5 days ago

White House 2024: Donald Trump Wins, Kamala Harris Calls Him to Concede Election

Millions of voters across the US chose to return Donald Trump to the White House…

2 weeks ago

Who Won? Donald Trump Declares Victory as He Addresses Jubilant Supporters in Florida

Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…

2 weeks ago

Stocks Soaring as Donald Trump Closes in on US Victory

Stocks around the world are rising as Donald Trump appears to be on the cusp…

2 weeks ago

Who Won? Kamala Harris Cancels Election Night Party as Path to Victory Narrows

Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…

2 weeks ago

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

2 weeks ago