DDM: Alibaba Group Makes Massive Social Networking Investment

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DDM: Alibaba Group Makes Massive Social Networking Investment

DDM reported Thursday that private Chinese e-commerce firm Alibaba Group has acquired an 18 percent stake in online media company Sina Corp‘s microblogging site Weibo. As far as anyone can tell, this is the company’s first big move into selling advertising on China’s highly competitive social networks. “Valued at $586 million the deal will give [...]<img src="http://feeds.feedburner.com/~r/MobileMarketingWatch/~4/KwDRSmbVdwA" height="1" width="1"/>

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