Wednesday, January 25, 2006 Sells 1Pai Stake To Alibaba

From ChinaKnowledge:

"Sina said it signed an agreement with Alibaba yesterday, selling the 33% stake it has in 1Pai to Alibaba, the online marketplace for domestic trade among businesspeople. Neither side has disclosed the detailed amount of the deal.

Information and contents on will not be updated from now until Feb. 15, 2006, on which will be completely defunct, said Sina. In the meantime, visitors will be automatically redirected to Alibaba’s wholly-owned subsidiary,, a consumer-to-consumer trading site with more than 10 million registered users."

eBayEachnet vs. Alibaba's - Latest Numbers


At 2:47 PM, Anonymous Anonymous said...

What do you make of Sina's revised guidance for Q4 results as descrbed here:

And more specifically, how can a downwards revision in guidance lead to a 9% leap in share price?


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