New Weibo function worth chatting about

Weibo, the United States-listed Chinese social media platform, said it expects to open its integrated payment function to registered users by the end of June.

The move, announced on Thursday by a company that has been dubbed the "Chinese Twitter", could be an important one in terms of the Beijing-based company's monetization strategy, analysts said.

The company said that all its registered users, whether they are individual accounts or official accounts of companies, can get access to Weibo Payment, which allows parties to sell products to followers.