Rumor: Alibaba, Sina Microblog Resume Investment Talks
36Kr, 12/17/12
According to an industry source, Chinese e-commerce conglomerate Alibaba Group and internet company Sina (Nasdaq: SINA) resumed talks today about a possible Alibaba Group investment in Sina's Weibo microblogging service. In November, Alibaba Group was reported to be taking a 15% to 20% stake in Sina Weibo, valuing the service at around USD 3 bln. The new offer is rumored to be 50% higher than the sum previously discussed between the two companies.
Editor's Note: For more information on this topic, please see "Rumor: Alibaba, Sina Continue Partnership Talks," MD 11/23/12 issue.
Keywords: e-commerce Internet investment Sina microblogging Alibaba Group
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