Could This $22 Billion Chinese Startup Wound Weibo and SINA?

Chinese news aggregator Toutiao recently severed all content-sharing ties with Chinese social network Weibo (NASDAQ: WB). The spat between the companies started in August, after Weibo's parent company, SINA (NASDAQ: SINA), accused Toutiao of reposting Weibo content without its permission.

In the past, Weibo users could authorize Toutiao to republish their posts. That won't be possible following Toutiao's decision, but it's unclear if that decision is permanent. This clash might seem like a minor event, but Toutiao is actually one of China's hottest start-ups, which means it could hurt SINA and Weibo by cutting them off from its ecosystem.

Image source: Getty Images.

Source: Fool.com