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#61269 - 04/29/1312:54 PM[Reuters] Alibaba buys 18 percent stake in Sina's Weibo for $586 million
(Reuters) - Sina Corp, China's largest Internet portal and media website, said e-commerce company Alibaba Group has bought an 18 percent stake in its microblogging service Weibo for about $586 million, valuing Weibo at more than $3 billion.