Alibaba Mulls Stake in Sina Weibo

Posted by Joachim Bartels | Nov 23, 2012 | Alibaba, China, E-Commerce, Online Media - Buyer - Seller Platforms, Ownership Changes of Information Companies | 0 |

According to various media reports, China’s largest e-commerce company, Alibaba Group, is planning to buy a stake in NASDAQ-listed Sina’s Weibo, one of China’s most popular microblogging services.

Weibo, China’s equivalent of Twitter, is reportedly valued at around US$2 billion to US$3 billion, where Alibaba is looking to buy a 15%-20% stake. According to financial services provider Credit Suisse, the valuation is lower than its internal valuation of US$4.4 billion, but higher than the implied valuation of US$1.8 billion based on Sina’s closing share price on 16th November. Alibaba and Sina both declined to comment on the deal.

Source: Business Strategies Group Hong Kong – www.bsgasia.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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