Seeking Alpha

Sina (SINA) has begun pitching daily deals to its 40M+ active Weibo users, as it increasingly...

Sina (SINA) has begun pitching daily deals to its 40M+ active Weibo users, as it increasingly turns to e-commerce to monetize the popular microblogging service. Deals can be created by Sina's corporate Weibo clients, and appear both on user feeds and a daily deals portal. Alibaba's recent $586M investment in Sina is widely expected to produce a surge in e-commerce-related Weibo revenue, especially given Sina's revenue promises.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)