Alibaba’s Sina Weibo Investment Put on Hold

Posted by Joachim Bartels | Nov 26, 2012 | Alibaba, China, E-Commerce, Online Media - Buyer - Seller Platforms, Ownership Changes of Information Companies | 0 |

According to press reports Chinese e-commerce conglomerate Alibaba Group has not reached an agreement on buying a stake in Chinese Internet company Sina Weibo. A disagreement on valuation is rumored to be the principal reason hindering the two parties from reaching a deal. Previous sources have said that Alibaba will have a 15-20 percent stake in Sina Weibo, which will value the Twitter-like service at $2-3 billion.

Source: Morningwhistle.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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