Rumor: Alibaba to Increase Sina Microblog Stake to 30%-50%

36Kr, 2/18/14

According to an industry insider, Chinese e-commerce conglomerate Alibaba Group plans to increase its stake in internet company Sina's (Nasdaq: SINA) Weibo microblogging platform to 30-50% through a new round of investment, becoming the largest shareholder in Sina Weibo.

Alibaba's previously reported investment negotiations with Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU) are still ongoing.

Editor's Note: Alibaba previously took an 18% stake in Sina Weibo. For more information on this topic, please see "Update: Alibaba Takes 18% Stake in Sina Microblog," MD 4/29/13 and "Rumor: Alibaba in Talks to Invest in Qihoo 360," MD 1/08/14 issues.

Keywords: e-commerce Internet investment Sina microblogging Qihoo 360 Alibaba Group QIHU

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