Around the Net

Alibaba Invests In China's Twitter

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.”


Read the whole story at The New York Times »

Next story loading loading..