Sina retracts denial of Alibaba investment rumors, Marbridge Daily reports

theflyonthewall.com

Sina yesterday denied a report suggesting Alibaba (ALBCF) is considering a 15%-20% investment in Sina Weibo, the company's microblogging service, but now Sina says a statement regarding a potential Alibaba investment "was misunderstood." A spokesperson has retracted a denial of the investment and says "I was not fully informed on the matter. Sina is a listed company and all financial information related to the company is disclosed," Marbridge Daily reports.

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