By  on May 1, 2013

SHANGHAI — Chinese e-commerce giant Alibaba’s recent acquisition of a minority stake in microblogging service Weibo could forge a new model for social commerce in the country, the world’s second-largest online shopping market behind the U.S.


Alibaba, which owns Taobao.com and Tmall.com, two of China’s largest e-commerce Web sites, said earlier this week that it is buying an 18 percent stake in Sina Corp.’s Weibo, considered China’s answer to Twitter, for $586 million in stock. Alibaba has the option to raise its stake to 30 percent.

To access this article, click here to subscribe or to log in.

load comments
blog comments powered by Disqus