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Rumor: Sina Weibo to Release Virtual Currency in Q3 2011

TechWeb, 7/13/11

Chinese internet company Sina (Nasdaq: SINA) will introduce virtual currency for its Weibo microblogging platform in Q3 2011, revealed by an industry source recently. According to Sina Weibo's online documentation for API developers, one "Weibi" ("Micro-coin") will be equal to RMB 1, and can be used to purchase virtual items and value-added services.

Keywords: Internet virtual items virtual currency Sina microblogging Q3 2011 VAS


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