Update: Alibaba, Baidu Rumored to Invest in Sina Microblog

Sohu IT, 1/15/13

According to an informed source, Chinese internet company Baidu (Nasdaq: BIDU) is in talks with Sina (Nasdaq: SINA) to invest in the company's Weibo microblogging platform. E-commerce conglomerate Alibaba Group, another rumored investor in Sina Weibo, is also said to be a part of the deal with Sina and Baidu. The companies will soon make an announcement about a Sina Weibo investment.

Editor's Note: For more information on this topic, please see "Rumor: Alibaba Outbid Tencent, Baidu to Invest in Sina Microblog," MD 12/21/12 and "Update: Sina Retracts Denial of Alibaba Investment Rumor," MD 12/28/12 issues.

Keywords: e-commerce Internet investment Baidu Sina BIDU microblogging Alibaba Group

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