The logo of internet company Sina Corp is seen at the company’s headquarters inside the Zhongguancun Software Park in Beijing. Photo: VCG via Getty Images
A consortium led by Chinese internet major Sina Corp is in advanced talks to acquire at least an 18 per cent stake in Yoozoo Games, two people with direct knowledge of the matter told Reuters.
Sina is teaming up with Chinese microblog operator Weibo Corp and a Shanghai-based state investment firm, according to the people who declined to be identified because of confidential constraints.