[Reuters] Alibaba pushes into social networking with Weibo investment

Posted by: UGN Security

[Reuters] Alibaba pushes into social networking with Weibo investment - 04/29/13 11:41 AM

(Reuters) - Chinese e-commerce firm Alibaba Group acquired an 18 percent stake in web portal Sina Corp's microblogging service Weibo in its first big move into selling advertising on China's highly competitive social networks.