By Danielle Long

Weibo, China’s micro-blogging platform, has overtaken Twitter for the first time attracting 340 million monthly active users in March.

Weibo reported a 30% increase in MAU’s year-on-year in its first quarter results. Average daily users were also up 28% to 154 million.

The platform also revealed that 91% of Weibo users access the site via mobile.

The results mark the first time that Weibo, which launched three years after Twitter, has overtaken the site. Twitter, which is blocked in China, has 328 million monthly users.

Weibo also reported a strong first quarter with 67% year-on-year growth in net revenues to reach $199.2 Read full story ›

Source: The Drum