Chinese internet giant Sina announced on Sept. 28 that it would go private and delist its US shares, ceasing to trade on Nasdaq where it went public in 2000, after an entity led by Charles Chao, the chairman of Sina, boosted its offer for the company to $43.3 a share in cash.
Sina Weibo, famous for China’s Twitter-like microblogging platform, recently introduced a new social media platform dubbed Oasis.
SINA Corporation, the company backing China’s popular microblogging service Weibo, reported its second quarter earnings results. Net revenue for the quarter was $533.1 million, beating expectations by $10.9 million despite a decline of 1% compared to the same period last year.
China’s information authority released a list of top 100 Chinese Internet companies on July 27, ranking Alibaba, Tencent and Baidu, JD.com, and NetEase as the top five.
SINA Corp., the Chinese technology giants that operates the popular Sina Weibo, Sina.com and Sina mobile, is seeking a secondary offering in Hong Kong according to Reuters China.
On the afternoon of April 20, Weibo CEO Gaofei Wang announced the launch of Weibo’s new AI R&D center in Palo Alto, California. Weibo has become one of many Chinese companies to set up R&D centers in Silicon Valley to pave way for future AI development.
Hurun Institute released its 2017 brand list, on which Weibo ranked first among newly-ranking brands and sixth among technology brands, on December 7. Weibo’s brand value was estimated at 29.5 billion yuan.