China's Sina plans online banking service

Chinese Web media behemoth Sina has outlined plans to start offering online banking services later this year, according to local media reports.

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China's Sina plans online banking service

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The company, most famous for its popular Weibo micro-blogging platform, gave details of the service - which will let users carry out bank transfers, remittances, and manage their investments and credit cards - at its Banking Development Forum this week, says Beijing News.

Sina already operates 'Weibo Wallet', a socially-enabled wallet which allows users of its micro-blogging site to conduct business online.

Hat Tip Tech in Asia

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