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Chinese microblogger Weibo looking for $340 million in U.S. stock offering

The microblogging service Weibo — often described as China’s version of Twitter — will raise at least $340 million in its US stock offering, an updated filing showed Friday. The updated plan suggests a tighter relationship with Chinese e-commerce giant Alibaba as Weibo spins off from the Internet firm Sina,…

Alibaba chief ‘interested’ in buying Yahoo!

The head of Chinese Internet giant Alibaba is “interested” in buyingYahoo! and has been approached by private equity firms and other groups about doing a deal, The Wall Street Journal reported on Monday. Jack Ma, chief executive of Alibaba, China’s top online retailer, was quoted as making the comments at a “China 2.0″ event at Stanford University on Friday, according to…