Alibaba to Invest in Sina Weibo?


The Global Times reports that Alibaba Group will invest in Sina Weibo, buying between 15 and 20 percent in China’s most popular microblog. The report cites a former Alibaba staff member, Zhou Jinzeng, who said as much on his NetEase Weibo over the weekend. We’ll let you know if we learn more. Update: We got in touch with Alibaba, who (not surprisingly) has no comment on the matter.

In Sina’s (NASDAQ:SINA) recent Q3 financial report, it disclosed that Weibo has surpassed 400 million registered users.