According to Alibaba chairman Jack Ma, cited by online media outlet Venture Beat, the company hopes to integrate e-commerce into the microblogging website.
The two firms stated that the partnership will bring in USD 380 million more in advertising and social commerce services revenue for Weibo over the next three years.
In recent news, Alibaba has revealed plans to collaborate with Chinese authorities to fight counterfeiting and intellectual property rights infringement, online media outlet Yahoo News reports.
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