Alibaba Increases Weibo Stake To 31.5% For $135M

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Alibaba Group Holding Ltd. has acquired another three million American Depository Shares (ADS) of Weibo Corp from the company’s management team for a total of US$135 million, increasing Alibaba’s stake in the Twitter-like service to 31.5% from 30.1%, according to a Securities and Exchange Commission (SEC) filing.

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