Alibaba Acquires 18% of China’s Twitter-Like Weibo

Alibaba Acquires 18% of China’s Twitter-Like Weibo Play

April 30 (Bloomberg) -- Alibaba Group Holding Ltd. agreed to buy a stake of about 18 percent in Sina Corp.’s Weibo for $586 million, connecting China’s largest Twitter-like service with the nation’s biggest e-commerce company. Bloomberg's John Dawson reportson Bloomberg Television's "First Up." (Source: Bloomberg)

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