Around the Net
Alibaba Invests In China's Twitter
- The New York Times, Monday, April 29, 2013 12:05 PM
In China, Web giant Alibaba has agreed to pay $586 million for a nearly 20% stake in Sina Corporation’s Weibo service. Weibo, as The New York Times’ Dealbook reports, is the most
popular of China’s microblogging services. “Alibaba and Sina also agreed to cooperate in improving ways to marry social networking with e-commerce, as microblogging services like
Sina’s continue to grow in popularity.”
