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SINA Q1 2014 Revenues Up 36%

SINA Corporation (the “Company” or “SINA”) (NASDAQ GS: SINA), a leading Internet media company serving China and the global Chinese communities, announced net revenues increased 36% year over year to $171.5 million.  Non-GAAP net revenues increased 38% year over year to$167.3 million, exceeding the Company’s guidance between $162.0 million and $167.0 million. Advertising revenue grew 44% year over year to $135.7 million, reaching the high-end ... Read More »

SINA Q1 2014 Revenue Up 36%

SINA Corporation announced preliminary selected unaudited financial results for the fiscal quarter ended March 31, 2014.  The preliminary results are subject to change as the Company is still in the process of finalizing the financial results for the quarter. For the first quarter of 2014, the Company now estimates its preliminary unaudited financial results to be as follows:  Total net revenues* ... Read More »

Sina Weibo IPO

Sina Weibo’s shares jumped 19 percent in its first day of trade on Wall Street.    Ahead of its debut on the Nasdaq stock exchange, China’s Twitter equivalent Sina Weibo sold 16.8 million US depository shares at $17 (12.3 euros) each, raising $258.6 million. The IPO was less than the company had hoped for, however once the bell rang Thursday, a ... Read More »