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SINA Corp Microblog

Sina Corp China In Deal with UnionPay to Enter Payment Services

Internet company Sina Corp has reached a cooperation agreement with China UnionPay, a national bank card association.   The two sides will strengthen cooperation on payment products and value-added services as well as marketing and promotions. Sina received a third-party payment license from the People’s Bank of China on July 6, 2013 to conduct online payment services within the country. Source: ... Read More »

SINA Q3 2013 Revenues Up 21%

SINA Corporation revenues increased 21% year over year to $184.6 million.  Non-GAAP net revenues increased 22% year over year to $179.9 million, reaching the high end of the Company’s guidance between $176.0 million and $180.0 million. Advertising revenues grew 26% year over year to $151.6 million, within the Company’s guidance between $151.0 million and $153.0 million.  Non-advertising revenues increased 4% ... Read More »

Alibaba and Sina to Launch A Weibo-based E-commerce Platform

Alibaba and Sina are to announce a Weibo-based e-commerce platform at a press event later this week. The platform will integrate the system and data of Taobao and Tmall so that retailers will be able to sell goods to Weibo users like they have been doing on Alibaba’s marketplaces. The service is developed by an unnamed third-party e-commerce software company. ... Read More »