Bidu alibaba will take stake in Sina# Stock
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1 hours 12 minutes ago - ASI
SinoCast
Baidu Inc. (Nasdaq: BIDU) and Alibaba.com Ltd. (SEHK: 1688) will take stake
in microblog of SINA Corporation (Nasdaq: SINA) and the investment involves
USD 100 million, according to a person in the know, saying that detailed
information will be announced within two weeks.
By far, Baidu has declined to make comments on the story, which was denied
by Alibaba.com. SINA says it has not been notified of the news. However, the
source reveals that talks have been held for three to four months.
Meanwhile, reporters find out that SINA will suspend its cooperation with
Google Inc. (Nasdaq: GOOG) in the search field and will use the search
engine provided by Baidu, which is regarded as a signal for the cooperation
between SINA and Baidu.
Actually, earlier, Alibaba.com has started cooperation with SINA. PHPWIND
under the aegis of the leading e-commerce company announced on September 9,
2010 the interconnection with microblog of SINA.
Source: www.sina.com.cn (January 11, 2011)
SinoCast
Baidu Inc. (Nasdaq: BIDU) and Alibaba.com Ltd. (SEHK: 1688) will take stake
in microblog of SINA Corporation (Nasdaq: SINA) and the investment involves
USD 100 million, according to a person in the know, saying that detailed
information will be announced within two weeks.
By far, Baidu has declined to make comments on the story, which was denied
by Alibaba.com. SINA says it has not been notified of the news. However, the
source reveals that talks have been held for three to four months.
Meanwhile, reporters find out that SINA will suspend its cooperation with
Google Inc. (Nasdaq: GOOG) in the search field and will use the search
engine provided by Baidu, which is regarded as a signal for the cooperation
between SINA and Baidu.
Actually, earlier, Alibaba.com has started cooperation with SINA. PHPWIND
under the aegis of the leading e-commerce company announced on September 9,
2010 the interconnection with microblog of SINA.
Source: www.sina.com.cn (January 11, 2011)
