Strategic Use of Social Media for Stakeholder Engagement in Startup Companies in China

ABSTRACT

This study examined the strategic use of social media for stakeholder engagement in startup companies in China. Guided by the theoretical framework of stakeholder engagement, in-depth interviews were conducted with 28 entrepreneurs in China, and a content analysis was performed with 419 corporate social media posts on Weibo and WeChat. Findings suggest that generating awareness, along with information sharing and word-of-mouth, cultivating long-term relationships, developing new businesses, and building image and reputation, are the primary purposes for stakeholder engagement. Thought leadership building, co-branding, and influencer endorsement were identified as new social media engagement strategies for startups. Message tactics and appeals utilized by startups and measurement and evaluation issues were also examined. Theoretical and practical implications are discussed.