Alibaba Denied Weibo Tie-up Rumor, But They’ll Get Together Anyway

Rumor has it that Chinese ecommerce juggernuant Alibaba was in talks with Sina Weibo on a potential investment which values the latter at US$ 2 – 3 billion. While the industry was already turned on over the ‘presumptive’ tie-up between the largest B2C platform and the most popular social media outlet in China, the two eventually yet unsurprisingly failed to deliver on people’s expectation.

Latest updates on the deal is that Alibaba denied the rumor for the first time on November 22 while Sina Weibo shrugged the rumor with “no comments”.

Weibo’s Dilema

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