By: Benzinga
Shares of SINA Rally on Reports of Alibaba Investment
Shares of SINA (NASDAQ: SINA ) jumped on Monday, rallying nearly twelve percent. According to China Business News, Alibaba Group -- the Chinese Internet conglomerate -- will invest $3 billion in SINA's Weibo microblogging platform. Many U.S.-based investors may be familiar with Alibaba due to its involvement with Yahoo (NASDAQ:
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