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Sina (SINA) rockets 17% higher premarket after announcing a strategic alliance with AliBaba to...

Sina (SINA) rockets 17% higher premarket after announcing a strategic alliance with AliBaba to "jointly explore social commerce and develop innovative marketing solutions" aimed at connecting merchants using Alibaba's e-commerce platform with Weibo users. Additionally, SINA says Alibaba has purchased an 18% stake in Weibo for $586M. (PR)
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