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Posts Tagged ‘Sina Corp’

(Reuters) – Chinese Internet firm Sina Corp said it was fined 5.1 million yuan ($815,038) by Beijing authorities for allowing “unhealthy and indecent content” on its online reading channel and on its main website. Sina was stripped of some online publication licenses last week after being targeted in a pornography crackdown, the harshest punishment yet […]

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(Reuters) – Chinas Weibo Corp said it expected its initial public offering of 20 million American Depository Shares to be priced at $17-$19 each, valuing the Twitter-like messaging service at about $1.66 billion. Weibo, owned by Sina Corp, is the latest Chinese internet giant to tap U.S. markets, following on the heels of search service […]

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Twitter-like messaging service Weibo Corp filed on Friday to raise $500 million via a U.S. initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations. Weibo, owned by Sina Corp, becomes the latest Chinese Internet giant to tap U.S. markets, following on the heels of […]

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