This article is taken from BBC news on the 7th November, 2014: http://www.bbc.com/news/business-29947422
This article talked about how Twitter is expanding into Asia, despite the fact that they got banned from expanding into China in year 2009. This article appeals a lot to me because when I remember during year 2009, I remembered reading a post about how twitter got banned from China because the tweets may raise threats to the country. Knowing that China has a very tight censorship on digital content, I was not surprised that Twitter got banned. Moreover, they even created a substitute for Chinese people to use that is very similar to Twitter – Sina Weibo. In Weibo, all the content posted will be monitored by the Chinese government, but users gets the same feeling as using Twitter.
After 5 years, despite the fact that Twitter’s shares are down almost 36% and revenues falling short, they decided to expand Hong Kong in year 2015. In order to attract more users, China is their first priority with so many people, and even though they have been rejected, they are still aiming to expand into China.
I have been living in Hong Kong for my entire life and I have seen some changes in terms of increase in Mainland Chinese population living in Hong Kong. Over the past 4 years or so, Mainland Chinese would come over to purchase a lot of products, firms would expand into China. I remember my father saying how in a few years, companies from China will take over the economy in Hong Kong. From the pattern I’ve been observing, I think my father’s statement will come true as more Mainland Chinese companies will start to enter the market. In my opinion, I think that Twitter is making a good investment even though they are losing revenues because more Mainland Chinese people are coming to Hong Kong. This allows them to use Twitter freely as well and might increase their sales in the long run.