Sina Weibo, China’s Equivalent of Facebook and Twitter, Gets $586M Investment From Alibaba

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A strong Chinese strategic alliance between Sina Weibo and Alibaba (the eBay of China): Alibaba pays USD 586 million for preferred and ordinary shares – which indicates that Sina Weibo may be worth morth than USD 3 billion.

Full story: Sina Weibo, China’s Equivalent of Facebook and Twitter, Gets $586M Investment From Alibaba | TechCrunch.

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