Social Media Update – May 7

WeChat Update Rumored to Include Paid Publishing and Mobile Payment

According to analysts at Techweb, Tencent’s mobile messaging platform Wechat will include paid publishing, meaning that media outlets, brands will have to pay to publish content on their platform, a QR code payment system and social gaming integration. Read More.

Alibaba Acquires 18% Stake in Sina Weibo for $586 Million

China’s Alibaba Group acquired an 18% stake in Sina Weibo in a deal that was valued at $586 million. The deal reflects Alibaba’s confidence in the microblogging platform Sina Weibo as a means to drive additional business to Alibaba’s C2C platform Taobao. Read More (Chinese).

LINE at its “Hockey Stick” moment; Now up to 150 million users.

Line Corporation CEO Akira Morikawa released the latest figures of messaging app LINE; a 150 million users are now on the platform, with 45 million of them in their domestic market. You can read the article here. We did an in-depth analysis of LINE in an article published last week. You can read it here.