Rumor: Sina Microblog to Launch Online Finance Product
Tencent Tech, 10/30/13
A financial industry source has revealed that Chinese internet company Sina's (Nasdaq: SINA) Weibo microblog payment division is preparing to launch an online financial product under the name "Micro Wealth" ("Wei Caifu"). The new product is expected to be released in late 2013 or early 2014 in cooperation with mutual funds and insurance companies.
Keywords: financial services Internet Sina microblogging VAS