YIKUAIR.COM

Founded in early July of last year, Beijing-based Yikuair (or 一块儿微集市) is trying to leverage the power of social media to reshape the online marketplace. Being the first, and as of now the only company to build upon Sina Weibo’s virtual currency Sina Weibi (新浪微币), Yikuair has developed a marketplace combining social, local, mobile and commerce in an effort to help connect online/offline merchants and consumers and to offer them special deals through a distinct micro-payment ... system powered by Sina Weibo, the No. 1 Chinese twitter-like service. As of now Sina Weibo has more than 250 million registered users, a huge user pool that Yikuair could tap into. And besides social media like Weibo, the marketplace is also considering coming up with its own mobile app and weibo app to help merchants reach out to more customers.More