Rumor: Sina Weibo Rejects USD 500 Mln from DST

Rumor: Sina Weibo Rejects USD 500 Mln from DST

TechWeb, 7/01/11

According to an industry source, Chinese internet company Sina's (Nasdaq: SINA) Weibo microblogging platform recently declined USD 500 mln in investment funds from Russian investment group Digital Sky Technologies (DST). DST reportedly appraised Sina Weibo at a value of USD 5 bln.


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