Weibo Widens User Lead Over Twitter

Weibo Corp. reported on Tuesday that it had 376 million global monthly active users during the third quarter. That’s 46 million more than its U.S. rival Twitter Inc. On the company’s earnings call, executives attributed the growth to partnerships with Chinese smartphone makers, successful marketing to the nation’s college campuses and the release of Weibo light to accommodate users in “lower tier cities” with slower Internet speeds.