Alibaba Group's strategic investments Sina WeiboChina Shanghai / April 29, 2013 - Services in China and for global Chinese communities, a leading online media company SINA Corporation (NASDAQ GS: SINA) (hereinafter referred to as 'Sina' or the 'Company') announced today that: its subsidiary Weibo, Inc. (hereinafter referred to as 'micro-blog') and Alibaba Group ('Alibaba'), a subsidiary of [Alibaba (China)] signed a strategic cooperation agreement. The two sides will rely on their leading social media and e-business advantages, to create a more active microblogging platform to explore the establishment of a more imaginative and open microblogging ecosystem and business model. The two sides will exchange user accounts, data exchange, online payment, online marketing and Nike KD VI Elite other areas Kyrie Irving of Nike Lebron Slide 2 Elite Air Max further cooperation, and Nike Kobe VIII exploration based on hundreds of millions of consumers and hundreds of millions of microblogging users Alibaba e-commerce platform for effective interaction of social e-commerce Nike Air Jordan 10 model. This strategic cooperation is expected in the next three years to bring revenues of approximately $ 380 million Air Jordan Outlet marketing and social e-commerce to Weibo. At the same time, Sina, Nike Kobe 9 EM Alibaba announced through its wholly owned subsidiary, to purchase $ 586 million of preferred stock and common stock issued by the company Sina microblogging, accounting for about 18% after full dilution diluted microblogging company's total shares. In addition, Sina, Alibaba granted an option to allow Alibaba in the future according to pre-agreed pricing, will increase its proportion of shares after full dilution diluted microblogging company to 30%. Chairman and CEO Charles Chao, Sina said: 'Working with China's largest e-commerce platform Womens Nike Zoom Hyperflight PRM and common development of Nike Air Jordan 9 social power in China, we are very excited to build the ecosystem of e-commerce in microblogging open platform will Nike Air Jordan 3 play a crucial aspect. role, Sina Weibo Nike Kids Sneakers and Alibaba's e-commerce platform is a natural partner for Nike Air Jordan 6 Women strategic cooperation with Alibaba, will allow the establishment of a unique micro-blog on the commercial model of the road, the pace is Nike Lebron 10.8 more robust, more imaginative. We I believe, as the Internet increasingly going mobile and social technology, this partnership will benefit all users, create more personalized user-friendly products and services, 'Alibaba Group Chairman of the Board Ma said:' This strategic cooperation We believe more Weibo microblogging, social media will be healthier, more active vitality, positive energy transfer and more. We also believe the combination of the two platforms will not only help us in the layout and development of mobile Internet, and Weibo users will bring more unique, healthy, long-lasting service. We have reason to expect more Cheap Nike Free Outlet surprises. '(via SAN) [Welcome to search on a micro letter' txws_txws 'Follow our official micro-channel, 6 per day Wonderful article to miss. ]