Monday, April 29, 2013

Internet in China - Alibaba increases with Weibo, a Twitter-variant - Sü

news on Sü Digital

Sü Set as Home Note Do not show Close

29 April 2013 17:50

Western networks such as Twitter and Facebook are taboo for them: therefore use millions of Chinese Weibo. The retail giant Alibaba now buys a half a billion dollars for the platform.

China’s largest online retailer Alibaba has entered the Chinese version of Twitter, Weibo. Alibaba, so that gives a foothold in the rapidly growing market of social networks.

Alibaba will pay $ 586 million for a stake of 18 per cent, of Sina Weibo’s parent company said on Monday. This should be assessed on Weibo with more than three billion dollars. Alibaba will also permission to extend its holding to 30 percent.

quoted in New York Sina shares gained 19 percent.

Sina tries the face of increasing competitive pressure, for example by WeChat, for some time to make the Weibo service with over 400 million users for money. The U.S. service Twitter has around 200 million users worldwide. The company’s value is estimated at more than eight billion dollars.

Alibaba occupies a key position in the Chinese online trading. For this year is expected to IPO.

Link Tip: The Chinese Internet is censored, even Weibo. The blog collects what the user can not read there.

See more room tips id=”functions” data-bind=”articleFunctions”>

  • sending
  • Discuss
  • feedback to editors
  • copy short URL

    URL is copied to the clipboard

  • copy short URL

    Please copy the URL manually.


  • source and adapted by: Reuters / bbr

    Now most read on the home page of

    NSU Accreditation Process a list as a farce

    Brad Pitt Short Reuters news celebrity blog confusion about Hollywood Star message from Brad

    more …

    File photo of a man smoking while using a computer at internet cafe in Taiyuan : Isaac Mao ” The Internet will dramatically change the country “

    Interview: John Kuhn more …

    See more room tips class=”departments”>

  • News
  • Policy
  • Panorama
  • Culture
  • Economy
  • Sports
  • Munich
  • Bavaria
  • Digital
  • car
  • Travel
  • video
  • knowledge
  • money
  • life
  • style
  • Career
  • Education
  • media
  • health
  • See more room tips class=”business”>

  • Privacy
  • Usage-based online advertising
  • Media
  • Newsletter
  • Conditions
  • Contact Us
  • Copyright © Süddeutsche Zeitung Digital Media GmbH / Süddeutsche Zeitung GmbH

    article in the Süddeutsche Zeitung licensed by DIZ München GmbH more about exclusive licensing

    No comments:

    Post a Comment