Alibaba didn’t want Sina Weibo to transform into an e-commerce platform, Jack Ma told Sina Tech after a speech at Stanford on this past weekend, instead they wanted to explore how to help Weibo with e-commerce.

“Now as a shareholder with an 18% stake in Weibo, we’d be better off if Weibo were so. We’d discuss later what it would bring to Alibaba. It’s Sina’s business to make Weibo a success, but we’d support them if there’s anything needed from us. Thinking in this way can help the partnership last. Investment in Weibo is a critical step for Alibaba. I’m very proud I can participate in building Weibo”, he said so. (in Chinese)

Alibaba announced investment in Sina Weibo last week, saying it would work with Sina Weibo “on data, online payments, online marketing and user account connectivity, and explore potential in social e-commerce, according to Alibaba’s statement.”

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com