Chinese web portal Sina (Nasdaq: SINA) fully acquired lottery service Aicai.com and rebranded the site as Sina Aicai recently. The founding team of Aicai will remain with the company after the transaction.

Aicai is a lottery ticket sales and information platform established in 2007 with Sina as a majority shareholder. The startup is also responsible for building and managing Sina’s own lottery ticket sales and information platform. The company launched a mobile website in May 2009, which partnered with Sina’s mobile portal in August of the same year.

Chinese online lottery service grows rapidly in recently years. According to a senior executive of 500.com, a newly U.S.-listed Chinese lottery firm, Chinese online lottery sales are expected to jump by at least 70% this year, from 42 billion yuan ($6.7 billion) in 2013.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.