Weibo

From beyondbrics April 29, 2013

Shares in Sina Corp, the Nasdaq-listed Chinese online media group, rose nearly 21 per cent during trading on Monday after the company said it had agreed to sell 18 per cent of Weibo, its Twitter-like micro-blogging service, to Alibaba Group for $586m. The two came close to a similar deal five months ago. Now they have tied the knot.

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Posted in Asia, Internet, Tech |

Baidu surrenders China’s microblog market to Sina and Tencent

August 10, 2011 11:50 am by FT

When Robin Li, Baidu’s chief executive, gave an interview to the Financial Times in March, he made some enigmatic remarks, writes Kathrin Hille in Beijing.

Asked about what he intended to do to make sure Baidu, China’s largest online search engine, would not lose out in the rapid rise of the microblogs in China, he said: “Baidu is not in the social media business.” Read more

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Posted in Asia, Digital media, Social |