While Twitter and its Chinese counterpart Weibo share some similarities, a glaring difference shines in their stock prices. Twitter has posted a 20 percent decline for 2016, while Weibo's shares nearly tripled.

The Beijing-based social media platform's $11 billion market value is fast approaching Twitter's $12.6 billion, thanks to its unrivaled dominance in the world's biggest internet population. Twitter, which is worth $34 billion in 2015, is also experiencing fierce competition from global key players such as Snapchat, Facebook, and Instagram.

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"Weibo is the only social media platform in China, due to no competition from non-local players, such as Twitter, Instagram, and YouTube," Marie Sun, an analyst who covers the stock at Morningstar Investment Service in Hong Kong, told Bloomberg.

"The foreign players can't enter the Chinese market due to strict censorship and are blocked here. Therefore, Weibo caught the chance to evolve."

Weibo posted a net income and revenue that surpassed analysts' forecasted estimates last quarter. The social networking site now sells 51 times blended forward 12-month earnings, surpassing the average 36 times for its global peers, the Bloomberg reported.

The microblogging site has an average of 282 million daily active users in June, up 33 percent from last year. Furthermore, its monthly active users also surpassed that of Twitter.

Weibo's ad revenue also soared 45 percent from last year. Taken as a positive sign of growth, Alibaba even increased its stake in Weibo earlier this year.

Furthermore, Weibo's U.S. traded shares reached its peak on Monday since its initial public offering two years ago. Meanwhile, Twittter's price dropped below $26 from its 2013 IPO, likely because of the plunging revenue and flat user growth. Experts predict Twitter's revenue will decline to $2.85 billion next year, down from its earlier $4.3 billion estimate.

Representatives for both Twitter and Weibo refused to comment when asked about their respective stock performance, Bloomberg reported.

Tagsweibo, Twitter, social media, microblogging site, china, Social network