You've probably never heard of this platform, but it's already surpassed Twitter in terms of users.

According to Weibo's first quarter results, it has a whopping 340 million active monthly users, a 30% increase from its previous year.

SEE ALSO:Chinese travellers are cutting up their United Mileage cards in anger

Twitter has around 328 million active monthly users in comparison.

Of course, it doesn't help that Twitter is blocked in China, along with other social media giants like Facebook.

Some 154 million people each day use Weibo, which has been deemed China's equivalent to Twitter -- 91% of which access the website from their phones.

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And Weibo's also looking strong, revenue wise.

Weibo reported a strong first quarter with net revenues of $199.2 million -- a 67% increase year-on-year.

That's not mentioning their net income of $46.9 million, which rolls in at a whopping 561% increase.

Twitter reached $548 million in revenue over the last three months -- which sounds like a high number but is actually a drop in revenue compared to its previous years. It also reported a net loss of $61 million.

Weibo's user interfaceCredit: Users can post their statuses on top of the page, just like you would on Facebook on TwitterCredit: screenshot/weibo

And there's still room for growth for Weibo -- China has 731 million internet users, with 53% of the population already online.

Looks like Weibo isn't going to stop growing anytime soon.

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