Popular messaging service WeChat has been taking away the time users spend on mobile in China, leading to concerns that Twitter-like microblogging service Weibo is being threatened. In fact, Sina previously admitted that it believes time spent on Weibo is down because of competition from WeChat. However, at GMIC Beijing today, Weibo CEO Gaofei Wang painted a more optimistic picture, saying that Weibo and WeChat occupy different niches. Weibo is essentially a source of all public information, he said. WeChat, on the other hand, is more of a communication tool and social network among people you already know. “I hope that people can have…
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