China Internet Watch https://www.chinainternetwatch.com China Internet Stats, Trends, Insights Mon, 20 Jul 2020 12:31:04 +0000 en-US hourly 1 https://www.chinainternetwatch.com/wp-content/uploads/cropped-ciw-logo-2019-v1b-80x80.png China Internet Watch https://www.chinainternetwatch.com 32 32 Tencent Given Up Weibo and Focusing on Weishi for Online Video Market https://www.chinainternetwatch.com/7975/tencent-given-up-weibo-and-focusing-on-weishi-for-online-video-market/ https://www.chinainternetwatch.com/7975/tencent-given-up-weibo-and-focusing-on-weishi-for-online-video-market/#comments Thu, 24 Jul 2014 02:03:30 +0000 http://www.chinainternetwatch.com/?p=7975 tencent-weibo

Tencent has removed Weibo business division and moved the team to Tencent News team focusing on video clips sharing product called Weishi (literally means micro-video) according to Southern Metropolis Daily.

Tencent will keep the maintenance of Tencent Weibo without any further development. Southern Metropolis Daily reports, Tencent gave up its microblogging service about half a year ago and just officially announced.

In a press release from Tencent Tech News, it states that Tencent is merging Weibo product operation team with Tencent News team to enhance social information sharing strength.

Baidu Search Trend: Weishi v.s. Meipai
Baidu Search Trend: Weishi v.s. Meipai

Tencent launched Weishi in September 2013, positioned as online community for sharing 8 seconds video clips. However, Weishi is losing its battle in short video sharing market to Meipai, which instantly and automatically transforms everyday moments into gorgeous music videos.

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