Oh and I forgot another crucial difference - its truly an interactive marketplace. QQ chat is integrated in so you can see which sellers are online and negotiate directly with them before placing your order. The flip side though is I've found there are a lot of fake prices - when you begin negotiation they'll say that the real price is (say) 3X higher. That's assuming I've already weeded out the bottom decile which post absurdly low prices.
Taobao isn't really an equivalent to eBay - its much better. For example its shopping only, no auction (that I've seen). Also I understand its much lower friction - the fees are lower (or even zero) for sellers. It also gives me the impression of being more responsive to users - there was an outcry a while back when the boss wanted to impose new fees on smaller sellers. He listened and then changed his mind - the new fees were not implemented.
Hi, Chanj. I, too, had wondered about how the Chinese social media sites were doing...so this was also a revelation to me. I found it especially interesting how quickly these weibo sites are wiling to move -- in terms of changing their feature sets, etc.
Excellent information. I have heard of these services for a long time; yet, I have never tried them out. The evolution of social media will never be ended. What's better is mostly subjective. The couples UI improvement introduced by Weibo looks really great. It may be time for American social media companies to refer social media companies elsewhere, making their own platform a better one. On top of it, revenue and growth are crucial since facebook and LinkedIn already become publicly traded companies. Evolving business model may be highest priority at this point. I wonder how Weibo's business model.
Personally, since a whale being pulled out of water appeared when I was trying to reach Twitter, i got the idea that Twitter isn't strong in development. I a think is a company always working with a very tight budget.