Shanghai, China
Shanghai, China

Sina is a Chinese online media company for Chinese communities around the world. Sina operates four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sina.net. Sina has over 100 million registered users worldwide. Sina was recognized by Southern Weekend as the "China's Media of the Year" in 2003.Sina owns Sina Weibo, a Twitter-like microblog social network, which has 56.5 percent of the Chinese microblogging market based on active users and 86.6 percent based on browsing time over Chinese competitors such as Tencent and Baidu. The social networking service has more than 500 million users and millions of posts per day, and is adding 20 million new users per month, says the company. The top 100 users now have over 180 million followers combined.Sina.com is the largest Chinese-language web portal. It is run by Sina Corporation, which was founded in 1999. The company was founded in China, and its global financial headquarters have been based in Shanghai since October 1, 2001.Sina App Engine is the earliest and largest PaaS platform for cloud computing in China. It is run by SAE Department, which was founded in 2009. SAE is dedicated in providing stable, effective web deployment and hosting service for those corporations, organizations and independent developers. Now more than 300 thousands developers in China are using SAE. Wikipedia.

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News Article | July 10, 2017
Site: www.accesswire.com

LONDON, UK / ACCESSWIRE / July 10, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for China basedYintech Investment Holdings Ltd (NASDAQ: YIN), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=YIN. The Company, which is a leading provider of investment and trading services for individual customers, announced on July 07, 2017, that it has signed an agreement with SINA Corporation (NASDAQ: SINA) to form a financial software, information, and services joint venture (JV). For immediate access to our complimentary reports, including today's coverage, register for free now at: At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on YIN and SINA. Go directly to your stock of interest and access today's free coverage at: Commenting on the JV, Wenbin Chen, Chairman and Chief Executive Officer of Yintech expressed: "Our joint venture with SINA is another step in our strategy to become a provider of diversified investment and trading services to individuals in China. As we expand our service offerings, we particularly value the experience and highly successful businesses SINA has incubated as well as their extensive online media and social networking resources. Leveraging these resources and combining them with our deep understanding of, and extensive experience in serving Chinese individual investors, we are confident that our joint venture will have the support needed to rapidly grow into a market leader." After undergoing a series of reorganization and capital increases, Yintech and SINA will take a 51% and 49% equity stake respectively, in SINA Caidao (Shanghai) Information Technology Co., Ltd ("SINA Caidao"), thereby inflating SINA Caidao's paid-in capital to RMB200 million. The JV entity, SINA Caidao, will focus on providing financial software, information, and services to individual investors seeking investments in securities, wealth management, futures and gold products, particularly in China. The deal is expected to be completed in Q3 2017. SINA Caidao is expected to begin generating revenue in Q4 of the same year. Founded in 2011, Yintech Investment Holdings Limited is a provider of trading and investment services for online spot commodity trading in China. The Company facilitates trading by individual customers of silver, gold, and other precious metals and commodities on the Shanghai Gold Exchange, the Tianjin Precious Metals Exchange, and the Guangdong Precious Metals Exchange. It strives to provide best-in-class financial information, investment tools, and services to individual customers utilizing the latest financial technology and mobile platform. Yintech's customer relationship management (CRM) system allows it to manage relationships with customers, monitor, and supervise customer communications, as well as centrally manage customer information. The Company is also actively developing new businesses including gold based wealth management products, trading of cultural assets, and trading of overseas securities, in order to provide customers with a wider range of products and services. Headquartered in Shanghai, China, the Company has additional offices in Beijing, Guangzhou, Hong Kong, and Boston, and it employs around 4,000 people. Sina Corporation is an online media company serving China and the global Chinese communities. The Company operates via four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina enables Internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices. It offers distinct and targeted professional content on each of its region specific websites and a range of complementary offerings. The Company was founded in 1997 and is headquartered in Beijing, China. At the close of trading session on Friday, July 07, 2017, Yintech Investment's stock price slightly fell 0.39% to end the day at $10.14. A total volume of 191.01 thousand shares was exchanged during the session, which was above the 3-month average volume of 174.73 thousand shares. The Company's shares are trading at a PE ratio of 3.99 and have a dividend yield of 7.89%. At Friday's closing price, the stock's net capitalization stands at $699.96 million. SINA Corp.'s share price finished last Friday's trading session at $86.62, climbing 1.74%. A total volume of 708.50 thousand shares has exchanged hands. The Company's stock price skyrocketed 32.27% in the last three months, 36.40% in the past six months, and 89.78% in the previous twelve months. Additionally, the stock soared 54.41% since the start of the year. Shares of the Company have a PE ratio of 26.95 and currently have a market cap of $6.21 billion. Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | July 10, 2017
Site: marketersmedia.com

LONDON, UK / ACCESSWIRE / July 10, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for China basedYintech Investment Holdings Ltd (NASDAQ: YIN), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=YIN. The Company, which is a leading provider of investment and trading services for individual customers, announced on July 07, 2017, that it has signed an agreement with SINA Corporation (NASDAQ: SINA) to form a financial software, information, and services joint venture (JV). For immediate access to our complimentary reports, including today's coverage, register for free now at: At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on YIN and SINA. Go directly to your stock of interest and access today's free coverage at: Commenting on the JV, Wenbin Chen, Chairman and Chief Executive Officer of Yintech expressed: "Our joint venture with SINA is another step in our strategy to become a provider of diversified investment and trading services to individuals in China. As we expand our service offerings, we particularly value the experience and highly successful businesses SINA has incubated as well as their extensive online media and social networking resources. Leveraging these resources and combining them with our deep understanding of, and extensive experience in serving Chinese individual investors, we are confident that our joint venture will have the support needed to rapidly grow into a market leader." After undergoing a series of reorganization and capital increases, Yintech and SINA will take a 51% and 49% equity stake respectively, in SINA Caidao (Shanghai) Information Technology Co., Ltd ("SINA Caidao"), thereby inflating SINA Caidao's paid-in capital to RMB200 million. The JV entity, SINA Caidao, will focus on providing financial software, information, and services to individual investors seeking investments in securities, wealth management, futures and gold products, particularly in China. The deal is expected to be completed in Q3 2017. SINA Caidao is expected to begin generating revenue in Q4 of the same year. Founded in 2011, Yintech Investment Holdings Limited is a provider of trading and investment services for online spot commodity trading in China. The Company facilitates trading by individual customers of silver, gold, and other precious metals and commodities on the Shanghai Gold Exchange, the Tianjin Precious Metals Exchange, and the Guangdong Precious Metals Exchange. It strives to provide best-in-class financial information, investment tools, and services to individual customers utilizing the latest financial technology and mobile platform. Yintech's customer relationship management (CRM) system allows it to manage relationships with customers, monitor, and supervise customer communications, as well as centrally manage customer information. The Company is also actively developing new businesses including gold based wealth management products, trading of cultural assets, and trading of overseas securities, in order to provide customers with a wider range of products and services. Headquartered in Shanghai, China, the Company has additional offices in Beijing, Guangzhou, Hong Kong, and Boston, and it employs around 4,000 people. Sina Corporation is an online media company serving China and the global Chinese communities. The Company operates via four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina enables Internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices. It offers distinct and targeted professional content on each of its region specific websites and a range of complementary offerings. The Company was founded in 1997 and is headquartered in Beijing, China. At the close of trading session on Friday, July 07, 2017, Yintech Investment's stock price slightly fell 0.39% to end the day at $10.14. A total volume of 191.01 thousand shares was exchanged during the session, which was above the 3-month average volume of 174.73 thousand shares. The Company's shares are trading at a PE ratio of 3.99 and have a dividend yield of 7.89%. At Friday's closing price, the stock's net capitalization stands at $699.96 million. SINA Corp.'s share price finished last Friday's trading session at $86.62, climbing 1.74%. A total volume of 708.50 thousand shares has exchanged hands. The Company's stock price skyrocketed 32.27% in the last three months, 36.40% in the past six months, and 89.78% in the previous twelve months. Additionally, the stock soared 54.41% since the start of the year. Shares of the Company have a PE ratio of 26.95 and currently have a market cap of $6.21 billion. Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / July 10, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for China basedYintech Investment Holdings Ltd (NASDAQ: YIN), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=YIN. The Company, which is a leading provider of investment and trading services for individual customers, announced on July 07, 2017, that it has signed an agreement with SINA Corporation (NASDAQ: SINA) to form a financial software, information, and services joint venture (JV). For immediate access to our complimentary reports, including today's coverage, register for free now at: At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on YIN and SINA. Go directly to your stock of interest and access today's free coverage at: Commenting on the JV, Wenbin Chen, Chairman and Chief Executive Officer of Yintech expressed: "Our joint venture with SINA is another step in our strategy to become a provider of diversified investment and trading services to individuals in China. As we expand our service offerings, we particularly value the experience and highly successful businesses SINA has incubated as well as their extensive online media and social networking resources. Leveraging these resources and combining them with our deep understanding of, and extensive experience in serving Chinese individual investors, we are confident that our joint venture will have the support needed to rapidly grow into a market leader." After undergoing a series of reorganization and capital increases, Yintech and SINA will take a 51% and 49% equity stake respectively, in SINA Caidao (Shanghai) Information Technology Co., Ltd ("SINA Caidao"), thereby inflating SINA Caidao's paid-in capital to RMB200 million. The JV entity, SINA Caidao, will focus on providing financial software, information, and services to individual investors seeking investments in securities, wealth management, futures and gold products, particularly in China. The deal is expected to be completed in Q3 2017. SINA Caidao is expected to begin generating revenue in Q4 of the same year. Founded in 2011, Yintech Investment Holdings Limited is a provider of trading and investment services for online spot commodity trading in China. The Company facilitates trading by individual customers of silver, gold, and other precious metals and commodities on the Shanghai Gold Exchange, the Tianjin Precious Metals Exchange, and the Guangdong Precious Metals Exchange. It strives to provide best-in-class financial information, investment tools, and services to individual customers utilizing the latest financial technology and mobile platform. Yintech's customer relationship management (CRM) system allows it to manage relationships with customers, monitor, and supervise customer communications, as well as centrally manage customer information. The Company is also actively developing new businesses including gold based wealth management products, trading of cultural assets, and trading of overseas securities, in order to provide customers with a wider range of products and services. Headquartered in Shanghai, China, the Company has additional offices in Beijing, Guangzhou, Hong Kong, and Boston, and it employs around 4,000 people. Sina Corporation is an online media company serving China and the global Chinese communities. The Company operates via four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina enables Internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices. It offers distinct and targeted professional content on each of its region specific websites and a range of complementary offerings. The Company was founded in 1997 and is headquartered in Beijing, China. At the close of trading session on Friday, July 07, 2017, Yintech Investment's stock price slightly fell 0.39% to end the day at $10.14. A total volume of 191.01 thousand shares was exchanged during the session, which was above the 3-month average volume of 174.73 thousand shares. The Company's shares are trading at a PE ratio of 3.99 and have a dividend yield of 7.89%. At Friday's closing price, the stock's net capitalization stands at $699.96 million. SINA Corp.'s share price finished last Friday's trading session at $86.62, climbing 1.74%. A total volume of 708.50 thousand shares has exchanged hands. The Company's stock price skyrocketed 32.27% in the last three months, 36.40% in the past six months, and 89.78% in the previous twelve months. Additionally, the stock soared 54.41% since the start of the year. Shares of the Company have a PE ratio of 26.95 and currently have a market cap of $6.21 billion. Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | August 1, 2017
Site: www.prnewswire.com

A live webcast of the call will be available through the Company's corporate website at http://corp.sina.com.cn. Dial-in to the conference call can be accessed as follows: A replay of the conference call will be available through morning Eastern Time August 17, 2017. The dial-in number is +61 2 9003 4211. The passcode for the replay is 64862037. We are an online media company serving China and the global Chinese communities. Our digital media network of SINA.com (portal), SINA.cn (mobile portal), SINA Mobile Apps and Weibo.com (social media) enable Internet users to access professional media and user generated content in multi-media formats from the web and mobile devices and share their interests to friends and acquaintances. SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA.cn and SINA Mobile Apps provide news information, professional and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format. Weibo is a leading social media platform for people to create, distribute and discover Chinese-language content. Based on an open platform architecture, Weibo allows users to create and post feeds and attach multi-media content, as well as access a wide range of organically and third-party developed applications, such as online games. Through these properties and other product lines, we offer an array of online media and social media services to our users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences. This press release contains forward-looking statements that relate to, among other things, SINA's strategic and operational plans. SINA may also make forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. SINA assumes no obligation to update the forward-looking statements in this press release and elsewhere. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to SINA's limited operating history in certain new businesses; the global financial and credit market crisis and its impact on the Chinese economy; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly operating results; the Company's reliance on online advertising sales and MVAS for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products, including portal, Weibo and MVAS products; failure to enter and develop the small and medium enterprise market by the Company or through cooperation with other parties, such as Alibaba; the Company's reliance on mobile operators in China to provide MVAS and changes in mobile operators' policies for MVAS in China; failure to successfully integrate acquired businesses; risks associated with the Company's investments, including equity pick-up and impairment; and failure to compete successfully against new entrants and established industry competitors. Further information regarding these and other risks is included in SINA's annual report on Form 20-F for the year ended December 31, 2016 and other filings with the Securities and Exchange Commission.


BEIJING, Aug. 1, 2017 /PRNewswire/ --  SINA Corporation (NASDAQ GS: SINA), a leading online media company serving China and the global Chinese communities, will announce its unaudited financial results for the second quarter 2017 before the U.S. market opens on Wednesday, August 9, 2017. Following the announcement, SINA's management team will host a conference call from 8:10 a.m. - 9:00 a.m. Eastern Time on August 9, 2017 (or 8:10 p.m. - 9:00 p.m. Beijing Time on August 9, 2017) to present an overview of the Company's financial performance and business operations. A live webcast of the call will be available through the Company's corporate website at http://corp.sina.com.cn. Dial-in to the conference call can be accessed as follows: A replay of the conference call will be available through morning Eastern Time August 17, 2017. The dial-in number is +61 2 9003 4211. The passcode for the replay is 64862037. We are an online media company serving China and the global Chinese communities. Our digital media network of SINA.com (portal), SINA.cn (mobile portal), SINA Mobile Apps and Weibo.com (social media) enable Internet users to access professional media and user generated content in multi-media formats from the web and mobile devices and share their interests to friends and acquaintances. SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA.cn and SINA Mobile Apps provide news information, professional and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format. Weibo is a leading social media platform for people to create, distribute and discover Chinese-language content. Based on an open platform architecture, Weibo allows users to create and post feeds and attach multi-media content, as well as access a wide range of organically and third-party developed applications, such as online games. Through these properties and other product lines, we offer an array of online media and social media services to our users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences. This press release contains forward-looking statements that relate to, among other things, SINA's strategic and operational plans. SINA may also make forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. SINA assumes no obligation to update the forward-looking statements in this press release and elsewhere. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to SINA's limited operating history in certain new businesses; the global financial and credit market crisis and its impact on the Chinese economy; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly operating results; the Company's reliance on online advertising sales and MVAS for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products, including portal, Weibo and MVAS products; failure to enter and develop the small and medium enterprise market by the Company or through cooperation with other parties, such as Alibaba; the Company's reliance on mobile operators in China to provide MVAS and changes in mobile operators' policies for MVAS in China; failure to successfully integrate acquired businesses; risks associated with the Company's investments, including equity pick-up and impairment; and failure to compete successfully against new entrants and established industry competitors. Further information regarding these and other risks is included in SINA's annual report on Form 20-F for the year ended December 31, 2016 and other filings with the Securities and Exchange Commission.


News Article | August 9, 2017
Site: en.prnasia.com

BEIJING, Aug. 9, 2017 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (NASDAQ: SINA), a leading online media company serving China and the global Chinese communities, today announced its unaudited financial results for the second quarter ended June 30, 2017. "We are delighted with the financial results for the second quarter of 2017." said Charles Chao, Chairman and CEO of SINA. "Weibo has further strengthened its social platform network effect and delivered solid user base expansion, accelerated revenue growth and continuing operational leverage." said Mr. Chao. "For SINA business, we have continued to witness healthy growth of mobile traffic from SINA media properties and improved mobile monetization. We are also pleased to see the progression we made in our online finance business." Mr. Chao concluded. For the second quarter of 2017, SINA reported net revenues of $358.9 million, compared to $244.0 million for the same period last year. Non-GAAP net revenues for the second quarter of 2017 totaled $356.3 million, compared to $241.4 million for the same period last year. Online advertising revenues for the second quarter of 2017 were $295.2 million, compared to $205.0 million for the same period last year. The year-over-year growth in online advertising revenues was mainly resulted from an increase of $91.2 million, or 72% growth in Weibo advertising and marketing revenues. Non-advertising revenues for the second quarter of 2017 were $63.8 million. Non-GAAP non-advertising revenues for the second quarter of 2017 were $61.2 million, compared to $36.3 million for the same period last year. The year-over-year growth in non-advertising revenues was mainly resulted from the increase of Sina online finance business and Weibo membership fees. Gross margin for the second quarter of 2017 was 74%, compared to 64% for the same period last year. Advertising gross margin for the second quarter of 2017 was 76%, compared to 64% for the same period last year. The increase in advertising gross margin was primarily due to stronger advertising demand from Weibo advertisers, further operating leverage of Weibo business due to its relatively fixed cost nature and the streamline of costs structure for portal business. Non-advertising gross margin for the second quarter of 2017 was 68%, compared to 59% for the same period last year. The increase in non-advertising margin was primarily due to increase in revenues contributed by higher margin business, such as Weibo's membership services, and margin improvement of portal's non-advertising business. Operating expenses for the second quarter of 2017 totaled $171.9 million, compared to $134.2 million for the same period last year. The increase in operating expenses was primarily due to an increase in sales and marketing expenses. Non-GAAP operating expenses for the second quarter of 2017 totaled $150.6 million, compared to $119.7 million for the same period last year. Income from operations for the second quarter of 2017 was $94.7 million, compared to $20.8 million for the same period last year. Operating margin was 26%, up from 9% for the same period last year. Non-GAAP income from operations for the second quarter of 2017 was $115.5 million, compared to $34.5 million for the same period last year. Non-GAAP operating margin was 32%, up from 14% for the same period last year. Non-operating loss for the second quarter of 2017 was $13.4 million, compared to a non-operating income of $35.0 million for the same period last year. Non-operating loss for the second quarter of 2017 mainly included: (i) a $101.0 million gains from disposing of certain marketable securities and other gains, which are excluded under non-GAAP measure; (ii) a $113.1 million of investment impairment write down of the Company's investment in Leju Holding Limited ("Leju"), which is excluded under non-GAAP measure; and (iii) a $5.3 million loss pick-up from equity-method investments, which are accounted for under the equity-method and reported one quarter in arrears, mainly resulting from the loss pick-up from the Company's investment in Leju. Non-operating income for the second quarter of 2016 included: (i) a $34.9 million net gain on sale of and impairment on investments, which is excluded under non-GAAP measure; and (ii) a $6.2 million loss from equity method investment in a number of our equity investees which was reported one-quarter in arrears. Net income attributable to SINA for the second quarter of 2017 was $23.4 million, compared to $43.3 million for the same period last year. Diluted net income per share attributable to SINA for the second quarter of 2017 was $0.31, compared to $0.59 for the same period last year. Non-GAAP net income attributable to SINA for the second quarter of 2017 was $52.7 million, compared to $19.9 million for the same period last year. Non-GAAP diluted net income per share attributable to SINA for the second quarter of 2017 was $0.70, compared to $0.27 for the same period last year. As of June 30, 2017, SINA's cash, cash equivalents and short-term investments totaled $2.1 billion, compared to $1.8 billion as of December 31, 2016. For the second quarter of 2017, net cash provided by operating activities was $238.3 million, capital expenditures totaled $2.8 million, and depreciation and amortization expenses amounted to $8.1 million. On May 26, 2017, the Company announced its planned distribution of shares of Weibo to SINA shareholders as of the record date of June 7, 2017 on a pro rata basis, or one Weibo Share for each ten outstanding SINA ordinary shares. As of the distribution date on July 10, 2017, the Company distributed 7,142,148 Class A ordinary shares of Weibo, based on 71,421,480 ordinary shares of SINA outstanding as of the record date. Following the distribution of the Weibo Shares, SINA's equity stake in Weibo decreased from approximately 49% (or approximately 74% by voting power) to approximately 46% (or approximately 72% by voting power), which resulted in an increase in the percentage of the non-controlling interests related to Weibo. SINA's board of directors has approved an extension of share repurchase plan, which was originally announced in March 2016. The extended share repurchase plan will be effective until June 30, 2018. Under the share repurchase plan, SINA is authorized to repurchase its own ordinary shares with an aggregate value of up to US$500 million. SINA expects to fund the repurchase out of its existing cash balance. The share repurchase may be effected on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time as market conditions warrant and will be implemented in accordance with applicable rules under the U.S. Securities Exchange Act of 1934, as amended. This release contains the following non-GAAP financial measures: non-GAAP net revenues, non-GAAP non-advertising revenues, non-GAAP advertising and non-advertising gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP net income (loss) attributable to SINA and non-GAAP diluted net income (loss) per share attributable to SINA. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with U.S. GAAP. The Company's non-GAAP financial measures may be defined differently than similar terms used by other companies. Accordingly, care should be exercised in understanding how the Company defines its non-GAAP financial measures. The Company's non-GAAP financial measures exclude recognition of deferred revenues related to the license granted to Leju, stock-based compensation, amortization of intangible assets, adjustment for non-GAAP to GAAP reconciling items on the share of equity method investments, gain/loss on sale of investment/business, deemed disposal and impairment on investment, income tax effects of above non-GAAP to GAAP reconciling items and adjustment for non-GAAP to GAAP reconciling items for the income (loss) attributable to non-controlling interests and amortization of convertible debt issuance cost. The Company's management uses these non-GAAP financial measures in their financial and operating decision-making, because management believes these measures reflect the Company's ongoing business operations in a manner that allows more meaningful period-to-period comparisons. The Company believes that these non-GAAP financial measures provide useful information to investors and others in the following ways: (i) in comparing the Company's current financial results with the Company's past financial results in a consistent manner, and (ii) in understanding and evaluating the Company's current operating performance and future prospects in the same manner as management does, if they so choose. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gain/loss and other items (i) that are not expected to result in future cash payments or (ii) that are non-recurring in nature or may not be indicative of the Company's core operating results and business outlook. Use of non-GAAP financial measures has limitations. The Company's non-GAAP financial measures do not include all income and expense items that affect the Company's operations.  They may not be comparable to non-GAAP financial measures used by other companies. Management compensates for these limitations by also considering the Company's financial results prepared in accordance with U.S. GAAP. Reconciliations of the Company's non-GAAP measures to the nearest comparable GAAP measures are set forth in the section below titled "Unaudited Reconciliation of Non-GAAP to GAAP Results". SINA will host a conference call from 8:10 a.m. - 9:00 a.m. Eastern Time on August 9, 2017 (or 8:10 p.m. - 9:00 p.m. Beijing Time on August 9, 2017) to present an overview of the Company's financial performance and business operations. A live webcast of the call will be available through the Company's corporate website at http://corp.sina.com.cn. The conference call can be accessed as follows: A replay of the conference call will be available through morning Eastern Time August 17, 2017. The dial-in number is +61 2 9003 4211. The passcode for the replay is 64862037. We are a leading online media company serving China and the global Chinese communities. Our digital media network of SINA.com (portal), SINA.cn (mobile portal), SINA Mobile Apps and Weibo.com (social media) enables Internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA.cn and SINA Mobile Apps provide news information, professional and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format. Weibo is a leading social media platform for people to create, distribute and discover Chinese-language content. Based on an open platform architecture, Weibo allows users to create and post feeds and attach multi-media content, as well as access a wide range of organically and third-party developed applications, such as online games. Through these properties and other product lines, we offer an array of online media and social media services to our users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences. This press release contains forward-looking statements that relate to, among other things, SINA's expected financial performance and SINA's strategic and operational plans (as described, without limitation, in quotations from management in this press release). SINA may also make forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates" and similar statements. SINA assumes no obligation to update the forward-looking statements in this press release and elsewhere. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to failure to meet internal or external expectations of future performance given the rapidly evolving markets; condition of the global financial and credit market; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly operating results; the Company's reliance on online advertising sales and value-added services for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products, including portal, Weibo and MVAS products; failure to enter and develop the small and medium enterprise market by the Company or through cooperation with other parties, such as Alibaba; failure to successfully integrate acquired businesses; risks associated with the Company's investments, including equity pick-up and impairment; and failure to compete successfully against new entrants and established industry competitors. Further information regarding these and other risks is included in SINA's annual report on Form 20-F for the year ended December 31, 2016 and other filings with the Securities and Exchange Commission.


News Article | May 26, 2017
Site: en.prnasia.com

BEIJING, May 26, 2017 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (NASDAQ: SINA), a leading online media company serving China and the global Chinese communities, today announced that its board of directors has authorized and approved the Company's distribution of shares of Weibo Corporation ("Weibo") to the Company's shareholders on a pro rata basis. SINA is a controlling shareholder of Weibo. Weibo's ADSs are currently traded on the NASDAQ Global Select Market (NASDAQ: WB). SINA will distribute one Weibo Class A ordinary share to the holder of each ten SINA ordinary shares. Holders of SINA ordinary shares that are settled through DTC will receive Class A ordinary shares represented by Weibo ADSs. The Weibo share distribution will be payable on or about July 10, 2017, to shareholders of record as of the close of business on June 7, 2017. Following the distribution of the Weibo shares, SINA's equity stake in Weibo will decrease from approximately 49% (or approximately 74% by voting power) currently to approximately 46% (or approximately 72% by voting power). We are a leading online media company serving China and the global Chinese communities. Our digital media network of SINA.com (portal), SINA Mobile (mobile portal and mobile apps) and Weibo (social media) enables Internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA.cn and SINA Mobile Apps provide news information, professional and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format. Weibo is a leading social media platform for people to create, distribute and discover Chinese-language content. Based on an open platform architecture, Weibo allows users to create and post feeds and attach multi-media content, as well as access a wide range of organically and third-party developed applications, such as online games. Through these properties and other product lines, we offer an array of online media and social media services to our users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sina-announces-distribution-of-weibo-shares-300464527.html


News Article | June 8, 2017
Site: www.prnewswire.com

The distribution date is expected to be July 10, 2017. Following the distribution of the Weibo Shares, SINA's equity stake in Weibo will decrease from approximately 49% (or approximately 74% by voting power) currently to approximately 46% (or approximately 72% by voting power). We will not distribute any fractional Weibo Shares. The number of fractional Weibo Shares that would be distributable to each of the SINA shareholders in the form of Class A ordinary shares will be rounded to the nearest whole number. Any fractional Weibo ADSs will be aggregated and sold on behalf of those SINA shareholders who would otherwise be entitled to receive a fractional Weibo ADS. Payment for fractional Weibo ADSs will be distributed through DTC. No action or payment is required by SINA shareholders to receive Weibo Shares, whether or not such Weibo Shares are to be represented by Weibo ADSs. An Information Statement containing details regarding the distribution of the Weibo Shares will be provided to SINA shareholders prior to the distribution date. Investors are encouraged to consult with their financial advisers regarding the specific implications of buying or selling SINA ordinary shares on or after the ex-dividend date of June 5, 2017. The distribution of Weibo Shares or cash in lieu thereof will be characterized as a taxable dividend for United States federal income tax purposes and could have adverse tax consequences under the "passive foreign investment company" provisions of the U.S. Internal Revenue Code of 1986, as amended. You should treat the distribution date of July 10, 2017 as the date of the dividend. SINA shareholders are urged to consult with their tax advisors with respect to the U.S. federal, state, local and foreign tax consequences of the distribution. We are a leading online media company serving China and the global Chinese communities. Our digital media network of SINA.com (portal), SINA Mobile (mobile portal and mobile apps) and Weibo (social media) enables Internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA.cn and SINA Mobile Apps provide news information, professional and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format. Weibo is a leading social media platform for people to create, distribute and discover Chinese-language content. Based on an open platform architecture, Weibo allows users to create and post feeds and attach multi-media content, as well as access a wide range of organically and third-party developed applications, such as online games. Through these properties and other product lines, we offer an array of online media and social media services to our users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sina-announces-details-of-distribution-of-weibo-shares-300470995.html


News Article | May 26, 2017
Site: www.prnewswire.com

We are a leading online media company serving China and the global Chinese communities. Our digital media network of SINA.com (portal), SINA Mobile (mobile portal and mobile apps) and Weibo (social media) enables Internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA.cn and SINA Mobile Apps provide news information, professional and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format. Weibo is a leading social media platform for people to create, distribute and discover Chinese-language content. Based on an open platform architecture, Weibo allows users to create and post feeds and attach multi-media content, as well as access a wide range of organically and third-party developed applications, such as online games. Through these properties and other product lines, we offer an array of online media and social media services to our users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sina-announces-distribution-of-weibo-shares-300464527.html


News Article | June 8, 2017
Site: en.prnasia.com

BEIJING, June 8, 2017 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (NASDAQ: SINA), a leading online media company serving China and the global Chinese communities, today announced the details of its planned distribution of shares of Weibo Corporation ("Weibo"), whose ADSs are currently traded on the NASDAQ Global Select Market (NASDAQ: WB). Based on 71,421,480 ordinary shares of SINA outstanding as of the record date of June 7, 2017, SINA will distribute 7,142,148 Class A ordinary shares of Weibo (the "Weibo Shares") to SINA shareholders on a pro rata basis, or one Weibo Share for each ten outstanding SINA ordinary shares. Holders of SINA ordinary shares that are settled through DTC will receive Weibo ADSs representing Weibo Shares. The distribution date is expected to be July 10, 2017. Following the distribution of the Weibo Shares, SINA's equity stake in Weibo will decrease from approximately 49% (or approximately 74% by voting power) currently to approximately 46% (or approximately 72% by voting power). We will not distribute any fractional Weibo Shares. The number of fractional Weibo Shares that would be distributable to each of the SINA shareholders in the form of Class A ordinary shares will be rounded to the nearest whole number. Any fractional Weibo ADSs will be aggregated and sold on behalf of those SINA shareholders who would otherwise be entitled to receive a fractional Weibo ADS. Payment for fractional Weibo ADSs will be distributed through DTC. No action or payment is required by SINA shareholders to receive Weibo Shares, whether or not such Weibo Shares are to be represented by Weibo ADSs. An Information Statement containing details regarding the distribution of the Weibo Shares will be provided to SINA shareholders prior to the distribution date. Investors are encouraged to consult with their financial advisers regarding the specific implications of buying or selling SINA ordinary shares on or after the ex-dividend date of June 5, 2017. The distribution of Weibo Shares or cash in lieu thereof will be characterized as a taxable dividend for United States federal income tax purposes and could have adverse tax consequences under the "passive foreign investment company" provisions of the U.S. Internal Revenue Code of 1986, as amended. You should treat the distribution date of July 10, 2017 as the date of the dividend. SINA shareholders are urged to consult with their tax advisors with respect to the U.S. federal, state, local and foreign tax consequences of the distribution. We are a leading online media company serving China and the global Chinese communities. Our digital media network of SINA.com (portal), SINA Mobile (mobile portal and mobile apps) and Weibo (social media) enables Internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA.cn and SINA Mobile Apps provide news information, professional and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format. Weibo is a leading social media platform for people to create, distribute and discover Chinese-language content. Based on an open platform architecture, Weibo allows users to create and post feeds and attach multi-media content, as well as access a wide range of organically and third-party developed applications, such as online games. Through these properties and other product lines, we offer an array of online media and social media services to our users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sina-announces-details-of-distribution-of-weibo-shares-300470995.html


Patent
Sina | Date: 2016-09-11

Disclosed herein is a robotic tele-surgery system for performing laparoscopic surgeries. The system may include: a patient-side unit, a surgeon-side unit, and a controller that may be configured for establishing a master-slave relationship between the surgeon-side unit and the patient-side unit. The patient side unit may include a patient support assembly, at least two passive mounting mechanisms that may be slidably coupled to the patient support assembly and at least two slave robotic arms, coupled with a surgical instrument via a tool adapting mechanism from their distal end, and mounted on an associated passive support assembly from their base end. The surgeon-side unit may including at least two master robotic arms, and an ergonomic adjustment mechanism that may be configured for housing and adjusting the position and orientation of the master robotic arms.

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