Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Overseas
 Search News  Or
Alibaba may purchase Sina

Nov 9, 2015 (China Knowledge) – Chinese e-commerce giant Alibaba Groupis is said to be in talks with the country's top online portal Sina Corp to take full control of the latter, according to a person familiar with the matter.

Both sides make no comments on this issue.

Alibaba announced in Apr 2013 that it bought an18% stake in Sina Weibo Co. for US$ 586 million with a valuation of US$ 3.36 billion, becoming the second largest shareholder of Sina. At present, the e-commerce giant hold a total of 32% stake in Sina Weibo.

Analysts maintained that Sina, as one of the largest news portal for Chinese Internet, can provide traffic sources for Alibaba's e-commerce.

Moreover, Alibaba today inks a purchase agreement with Youku Tudou Inc to acquire all outstanding shares of the Beijing-based company for US$ 26.6 per American depositary share. The transaction would be paid in cash, according to the company.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved