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Tag Archives: Weibo
latest Financial News of Sina Weibo , by Doug Young, expert of Chinese Business (former Reuters journalist in China).
SINA Corp (NASDAQ:SINA) Business and Financial report
I’ll be a bit whimsical on this final day of the week with a prediction that a sale could be looming for social networking (SNS) site Kaixin, following reports of strong growth for the company’s online gaming business. Anyone reading this is probably puzzled, unsure about the relationship between a growing gaming business and a company getting acquired. I’ll explain all that shortly, but will end the suspense now by saying the potential buyer would be Internet titan Tencent (HKEx: 700), which shares a number of links and other key qualities with the much smaller Kaixin. Read Full Post…
After going the entire week without a major IPO story, 3 major developments are showing there’s still some life in the market despite earlier signs of stumbling. At the top of the news is online recruiting site Zhaopin (NYSE: ZPIN), which has just posted a nice trading debut after a solid pricing for its new American Depositary Shares (ADSs). Meantime, video sharing site Xunlei is steaming ahead with its own listing by formally setting a price range for its shares, which means a final pricing and trading debut are likely next week. Last but not least there’s restaurant ratings site Dianping, which has formally hired investment banks for a new mega offering to raise up to $1 billion. Read Full Post…
E-commerce leader Alibaba is forming some interesting new tie-ups with major multinationals, including a new strategic partnership with Dutch electronics giant Philips (Amsterdam: PHG) and a pairing between its recently acquired AutoNavi (Nasdaq: AMAP) online mapping division and leading German automaker Volkswagen (Frankfurt: VOWG). I’ve previously said I’m not a big fan of Alibaba’s recent M&A binge, as it looks a bit lacking in focus and could lead to operational headaches as the company tries to integrate so many different businesses. But these latest non-acquisitive tie-ups with major global partners look like a smarter strategy for expanding its reach as it prepares for a multibillion-dollar New York IPO. Read Full Post…
Investors were clearly focused on the bottom line in the newly released earnings for solar panel maker Trina (NYSE: TSL) and leading microblogging site Weibo (Nasdaq: WB), which are both trying hard to show they can post consistent profits on a long-term basis. For Trina the news was strong, as the company posted its third consecutive quarterly profit after several years of losses during a prolonged sector downturn. The prognosis was less stellar for Weibo, which posted a loss for the period even though the figure showed positive trends. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 22. To view a full article or story, click on the link next to the headline.
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JD.com Prices IPO Above Expectations, Boding Well For Alibaba (English article)
Market watchers are hailing the modest success of the new listing by online cosmetics seller Jumei International (NYSE: JMEI), which managed a respectable pricing and trading debut in New York despite waning sentiment towards Chinese Internet IPOs. I would agree with that view somewhat, since the company’s shares could have easily fallen in their trading debut but instead ended up rising a solid 10 percent on their first trading day. But I’d also advise market watchers to check the bottom line, which saw Jumei slash the size of its original offering by nearly two-thirds due to weak demand. Read Full Post…
Tencent’s (HKEx: 700) WeChat has grown so quickly over the last 2 years that it was almost inevitable that the popular mobile messaging service would come under fire from China’s state-run media or Beijing regulators. The service briefly clashed with the telecoms regulator last year during a high-profile spat with leading telco China Mobile (HKEx: 941; NYSE: CHL), and now WeChat is coming under fire from leading broadcaster CCTV for becoming a hotbed for rumor mongering and fraudulent advertisements. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 7. To view a full article or story, click on the link next to the headline.
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A series of announcements late last week from leading web portal Sina (Nasdaq: SINA) looks clearly aimed at calming nervous investors who may sense the company is at a crossroads that could mark the start of a new downturn for the stock. That’s my assessment after Sina’s unusual early release of preliminary first-quarter results, which showed the company is still quite healthy financially despite a recent government crackdown on 2 of its sites and a lukewarm stock market debut for its Weibo (Nasdaq: WB) microblogging platform. Read Full Post…
A flurry of IPO news is in the headlines as we start this new week, including more troublesome signs from New York for an upcoming tech IPO, and a potentially exciting new offering in Shanghai from China’s leading budget airline. Meantime, another quirky piece of IPO news is making headlines with word that a Sichuan-based soccer club is aiming for an eventual listing in London. The 3 companies involved in these news bits, respectively, are security software maker Cheetah Mobile, budget carrier Spring Airlines and the Sichuan Leaders soccer club. Read Full Post…
Government clamps down on Sina’s literature, photo sites
It’s been a roller coaster ride this past week for leading web portal Sina (Nasdaq: SINA), which has just fallen victim to a government clampdown targeting illicit content like pornography on the Internet. The clampdown sparked a sell-off in Sina’s shares, reversing gains from an earlier rally fueled by strong performance of its newly listed Weibo (Nasdaq: WB) microblogging unit, often called the Twitter of China. But Sina should be accustomed to this kind of roller coaster ride, and its shares could easily bounce back in the next week or two as investors realize this latest crackdown is largely meaningless and won’t have any impact on the company’s business.
