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Sina launches developer fund for China's Twitter

Sina launches developer fund for China's Twitter

Write: Dallas [2011-05-20]

SHANGHAI - Sina Corp, China's largest Internet portal website, launched on Tuesday a two-billion-yuan ($301 million) fund for developers to create applications for its highly popular Twitter-like microblog, Weibo.

Weibo, which was launched about a year ago and has around 50 million users including celebrities, is growing at a rapid clip in China, the world's biggest Internet market by users.

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