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 | November 21, 2016
Site: en.prnasia.com

SHANGHAI, Nov 22, 2016 /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 third quarter ended September 30, 2016. "We are delighted to have another solid quarter." said Charles Chao, Chairman and CEO of SINA. "SINA portal has further implemented its mobile strategy, with significant growth of mobile traffic from SINA News Application. Mobile monetization for portal has further enhanced, with 50% of the portal advertising revenues coming from mobile devices." Mr. Chao added. "With strong growth in user base, revenues and profitability, Weibo has demonstrated its platform value with the network effect of the content ecosystem and strong monetization capability." said Mr. Chao. "We take great pride that Weibo is returning to the center stage of Chinese Internet market." For the third quarter of 2016, SINA reported net revenues of $274.9 million, compared to $226.3 million for the same period last year. Non-GAAP net revenues for the third quarter of 2016 totaled $272.3 million, compared to $223.7 million for the same period last year. Online advertising revenues for the third quarter of 2016 were $233.6 million, compared to $193.5 million for the same period last year. The year-over-year growth in online advertising revenues resulted from an increase of $47.8 million in Weibo advertising and marketing revenues, partially offset by a decline of $7.7 million in portal advertising revenues. Non-advertising revenues for the third quarter of 2016 were $41.2 million, compared to $32.8 million for the same period last year. The year-over-year growth in non-advertising revenues was mainly resulted from an increase of $7.1 million in portal non-advertising revenues. Non-GAAP non-advertising revenues for the third quarter of 2016 were $38.6 million, compared to $30.2 million for the same period last year. Gross margin for the third quarter of 2016 was 67%, compared to 63% for the same period last year. Advertising gross margin for the third quarter of 2016 was 70%, compared to 64% for the same period last year. The increasing advertising revenue proportion contributed by small and medium enterprises customers in both portal and Weibo business is the key driver that resulted in a higher gross margin for our advertising business. Non-advertising gross margin for the third quarter of 2016 was 54%, compared to 60% for the same period last year. The decrease in non-advertising gross margin was primarily due to increasing proportion of portal non-advertising revenues, which contributed lower gross margin. Operating expenses for the third quarter of 2016 totaled $148.2 million, compared to $128.6 million for the same period last year. Non-GAAP operating expenses for the third quarter of 2016 totaled $127.9 million, compared to $113.9 million for the same period last year. The year-over-year growth of non-GAAP operating expenses was mainly resulted from an increase of sales and marketing expenditure for portal and Weibo. Income from operations for the third quarter of 2016 was $36.3 million, compared to $14.7 million for the same period last year. Operating margin was 13%, up from 6% for the same period last year. Non-GAAP income from operations for the third quarter of 2016 was $56.5 million, compared to $28.4 million for the same period last year. Non-GAAP operating margin was 21%, up from 13% for the same period last year. Non-operating income for the third quarter of 2016 was $143.1 million, compared to a non-operating income of $4.9 million for the same period last year. Non-operating income for the third quarter of 2016 mainly included: (i) a $133.5 million net gain on sale of and impairment on investments, which is excluded under non-GAAP measure; and (ii) a $5.5 million earnings pick-up from equity-method investments, which are accounted for under the equity-method and reported one quarter in arrears, mainly resulted from earnings pick-up from the Company's investment in E-House. Net income attributable to SINA for the third quarter of 2016 was $146.5 million, compared to $9.8 million for the same period last year. Diluted net income per share attributable to SINA for the third quarter of 2016 was $1.90, compared to $0.16 for the same period last year. Non-GAAP net income attributable to SINA for the third quarter of 2016 was $43.7 million, compared to $24.4 million for the same period last year. Non-GAAP diluted net income per share attributable to SINA for the third quarter of 2016 was $0.56, compared to $0.39 for the same period last year. As of September 30, 2016, SINA's cash, cash equivalents and short-term investments totaled $2.2 billion, at similar level compared with the balance as of December 31, 2015. For the third quarter of 2016, net cash provided by operating activities was $256.1 million, capital expenditures totaled $2.3 million, and depreciation and amortization expenses amounted to $7.3 million. As previously announced on June 19, 2015, SINA joined a consortium along with Mr. Xin Zhou, co-chairman of the board of directors and chief executive officer of E-House (China) Holdings Limited ("E-House"), a leading real estate services company in China, and Mr. Neil Nanpeng Shen, a board member of E-House, to acquire all the outstanding ordinary shares of E-House not already owned by SINA, Mr. Xin Zhou, Mr. Neil Nanpeng Shen or their respective affiliates. Pursuant to a definitive agreement and plan of merger (the "Merger Agreement") with E-House Holdings Ltd. ("Parent"), on August 12, 2016 (the "Closing Date"), E-House completed its merger and became a wholly-owned subsidiary of Parent. Sina contributed approximately $140.0 million to subscribe newly issued shares of Parent. Immediately following the Closing Date, the Company held 43% of total outstanding shares of Parent and continued to apply equity-method to account for the investment in Parent. On the Closing Date, SINA, Parent and certain other shareholders of Parent entered into a shareholders agreement, pursuant to which (a) Parent undertakes, among other things, that it shall not, directly or indirectly, dispose any ordinary shares of Leju Holdings Limited ("Leju"), an NYSE-listed company, owned by E-House without the prior written approval of each of Mr. Xin Zhou and SINA; and (b) during the 18-month period following the Closing Date, Parent has an option to repurchase all the equity interest held by SINA in Parent for a consideration consisting of (i) 30% of the total outstanding ordinary shares of Leju at the time of the repurchase, and (ii) certain cash payment. The option was recognized as a liability on the basis of its fair value, and its subsequent changes in fair value was reflected in the fair value change in option liability. On August 31, 2016, the Company announced its planned distribution of shares of Weibo to SINA shareholders as of the record date of September 12, 2016 on a pro rata basis, or one Weibo Share for each ten outstanding SINA ordinary shares. As of the distribution date of October 14, 2016, the Company has distributed 7,088,116 Class A ordinary shares of Weibo, based on 70,881,168 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 53.5% (or approximately 78% by voting power) to approximately 50.2% (or approximately 75% by voting power), which resulted in an increase in the percentage of the non-controlling interests related to Weibo. On November 4, 2016, the Company held its annual general meeting of shareholders, where the shareholders re-elected Mr. Ter Fung Tsao as director of SINA. The shareholders also approved and ratified the appointment of PricewaterhouseCoopers Zhong Tian LLP as the Company's independent auditors for the fiscal year ending December 31, 2016. 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 in relation to the equity investment in E-House, 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, impairment on goodwill, change in fair value in option liability, amortization of convertible debt issuance cost, income tax effects of above non-GAAP to GAAP reconciling items and adjustments for non-GAAP to GAAP reconciling items for the income (loss) attributable to non-controlling interests. 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 9:10 p.m. - 9:50 p.m. Eastern Time on November 21, 2016 (or 10:10 a.m. - 10:50 a.m. Beijing Time on November 22, 2016) 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 November 29, 2016. The dial-in number is +61 2 9003 4211. The passcode for the replay is 15998968. 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, 2015 and other filings with the Securities and Exchange Commission. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sina-reports-third-quarter-2016-financial-results-300366756.html


News Article | February 22, 2017
Site: en.prnasia.com

SHANGHAI, Feb. 23, 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 fourth quarter and the fiscal year ended December 31, 2016. "We closed a great year of 2016 with another strong quarter. Our full year revenue exceeded $1 billion, representing an important milestone for the group." said Charles Chao, Chairman and CEO of SINA. "Weibo user growth continued its healthy pace and reached 313 million MAUs in December 2016. Weibo demonstrated its social platform value by reinforcing content ecosystem with strong network effect and building a more connected, informed and engaging social community in China Internet space. Leveraging platform effect, Weibo's monetization capability and efficiency has further improved with non-GAAP operating margin reaching 35% in the fourth quarter of 2016." said Mr. Chao. "On the portal side, SINA has fully implemented its mobile strategy, with mobile traffic from SINA News Application growing significantly in the past twelve months." Mr. Chao added. "Heading into 2017, we will continue to focus on mobile strategy to further expand mobile user base and increase user time spent as well as elevate mobile monetization capability to facilitate our portal business return to a growth trajectory." Mr. Chao concluded. For the fourth quarter of 2016, SINA reported net revenues of $313.4 million, compared to $256.2 million for the same period last year. Non-GAAP net revenues for the fourth quarter of 2016 totaled $310.8 million, compared to $253.6 million for the same period last year. Online advertising revenues for the fourth quarter of 2016 were $269.6 million, compared to $223.2 million for the same period last year. The year-over-year growth in online advertising revenues resulted from an increase of $58.2 million in Weibo advertising revenues, partially offset by a decrease of $11.8 million of portal advertising revenues. Non-advertising revenues for the fourth quarter of 2016 were $43.9 million, compared to $33.0 million for the same period last year. The year-over-year growth in non-advertising revenues was mainly due to an increase of $5.5 million in portal non-advertising revenues and an increase of $5.4 million in Weibo value added services revenues. Non-GAAP non-advertising revenues for the fourth quarter of 2016 were $41.3 million, compared to $30.4 million for the same period last year. Gross margin for the fourth quarter of 2016 was 70%, up from 65% for the same period last year. Advertising gross margin for the fourth quarter of 2016 was 72%, up from 65% for the same period last year. The increasing proportion of advertising revenue contributed by SME customers in both portal and Weibo business is the key driver of a higher gross margin for our advertising business. Non-advertising gross margin for the fourth quarter of 2016 was 57%, down from 66% for the same period last year. The decrease in non-advertising gross margin was primarily due to increasing proportion of portal non-advertising revenues, which contributed lower gross margin. Operating expenses for the fourth quarter of 2016 totaled $194.2 million, compared to $137.5 million for the same period last year. The increase was mainly resulted from a $40.2 million goodwill and acquired intangibles impairment charge we recorded for certain business line. Non-GAAP operating expenses for the fourth quarter of 2016 totaled $136.2 million, compared to $125.0 million for the same period last year. Income from operations for the fourth quarter of 2016 was $24.7 million, compared to $29.6 million for the same period last year. Non-GAAP income from operations for the fourth quarter of 2016 grew 102% to $82.1 million. Non-GAAP operating margin was 26%, up from 16% for the same period last year. The significant improvement in non-GAAP income from operations and operation margin attributes to the operational leverage and margin expansion achieved by Weibo. Non-operating income for the fourth quarter of 2016 was $28.8 million, compared to a non-operating loss of $2.1 million for the same period last year. Non-operating income for the fourth quarter 2016 mainly included (i) a $48.6 million net gain on sale of and impairment on investments, which is excluded under non-GAAP measures; (ii) a $25.8 million loss in the fair value change of the Company's option liability related to E-House, which is excluded under non-GAAP measures. Net income attributable to SINA for the fourth quarter of 2016 was $19.9 million, compared to $14.6 million for the same period last year. Diluted net income per share attributable to SINA for the fourth quarter of 2016 was $0.27, compared to $0.21 for the same period last year. Non-GAAP net income attributable to SINA for the fourth quarter of 2016 was $48.2 million, compared to $24.8 million for the same period last year. Non-GAAP diluted net income per share attributable to SINA for the fourth quarter of 2016 was $0.63, compared to $0.35 for the same period last year. As of December 31, 2016, SINA's cash, cash equivalents and short-term investments totaled $1.8 billion, compared to $2.2 billion as of December 31, 2015. The decrease in cash, cash equivalents, and short term investments was mainly due to a principal repayment of $646.9 million upon the put option exercised by the holders of convertible senior note, partially offset by the operating cash inflow and proceeds generated from disposal of certain investments in 2016. For the fourth quarter of 2016, net cash provided by operating activities was $92.7 million, capital expenditures totaled $21.5 million, and depreciation and amortization expenses amounted to $7.6 million. For fiscal year 2016, SINA reported net revenues of $1,030.9 million, compared to $880.7 million in 2015. Non-GAAP net revenues for 2016 totaled $1,020.5 million, compared to $870.2 million in 2015. Online advertising revenues in 2016 were $871.2 million, compared to $743.2 million in 2015. The year-over-year growth in online advertising revenues resulted from an increase of $164.7 million in Weibo advertising revenues, partially offset by a decline of $36.7 million of portal advertising revenues. Non-advertising revenues in 2016 were $159.7 million, compared to $137.4 million in 2015. The year-over-year growth in non-advertising revenues was attributable to an increase of $13.0 million in portal non-advertising revenues and an increase of $9.3 million in Weibo value added services revenues. Non-GAAP non-advertising revenues in 2016 were $149.3 million, compared to $127.0 million in 2015. Gross margin in 2016 was 66%, up from 62% in 2015. Advertising gross margin in 2016 was 67%, up from 62% in 2015. Non-advertising gross margin in 2016 was 58%, compared to 60% in 2015. Non-GAAP gross margin in 2016 was 66%, up from 62% in 2015. Non-GAAP advertising gross margin in 2016 was 68%, up from 63% in 2015. Non-GAAP non-advertising gross margin in 2016 was 55%, compared to 57% in 2015. Operating expenses in 2016 totaled $603.0 million, compared to $533.1 million in 2015. The increase was mainly resulted from a $40.2 million goodwill and acquired intangibles impairment charge we recorded for certain business line. Non-GAAP operating expenses in 2016 totaled $494.8 million, compared to $478.6 million in 2015. Income from operations in 2016 was $73.3 million, compared to $12.2 million in 2015. Operating margin in 2016 was 7%, up from 1% in 2015. Non-GAAP income from operations in 2016 was $178.7 million, compared to $61.5 million in 2015. Non-GAAP operating margin was 18%, up from 7% in 2015. Non-operating income in 2016 was $231.3 million, compared to $33.9 million in 2015. Non-operating income in 2016 mainly included (i) a $245.3 million net gain on sale of and impairment on investments, which is excluded under non-GAAP measures; (ii) a $28.5 million loss on change in fair value of the Company's option liability related to E-House, which is excluded under non-GAAP measures; and (iii) a $26.2 million interest and other income. Non-operating income in 2015 mainly included (i) a $22.4 million interest and other income; and (ii) an $11.3 million net gain on sale of and impairment on investments, which is excluded under non-GAAP measures. Net income attributable to SINA in 2016 was $225.1 million, compared to $25.7 million in 2015. Diluted net income per share attributable to SINA in 2016 was $3.01, compared to $0.40 in 2015. Non-GAAP net income attributable to SINA in 2016 was $109.1 million, compared to $56.2 million in 2015. Non-GAAP diluted net income per share attributable to SINA in 2016 was $1.44, compared to $0.89 for 2015. For the fiscal year of 2016, net cash provided by operating activities was $443.6 million, capital expenditures totaled $36.7 million, and depreciation and amortization expenses amounted to $28.5 million. In November 2013, SINA issued $800 million principal amount of 5-year convertible senior notes. Based on terms of the indenture, on December 1, 2016, portion of the convertible notes holders exercised their put option right to require us to redeem their notes at a price equal to the principal amount of the notes that they hold plus accrued and unpaid interest to the redemption date. We paid approximately $646.9 million of the convertible note principle amount to repurchase such notes. Following the partial repayment of the debt, the remaining $153.1 million of convertible senior notes were outstanding on December 31, 2016, which has a maturity date of December 1, 2018. Disposal of Shares in E-House Holdings Ltd. and Investment in Leju Holdings Limited Pursuant to a shareholders agreement dated August 12, 2016 by and among SINA, E-House Holdings Ltd. ("Parent") and certain other shareholders of E-House, Parent exercised an option right in December 2016 to repurchase all of the equity interest SINA held. As a result, we disposed of our beneficial ownership in E-House on December 30, 2016 for a combination of 40,651,187 ordinary shares of Leju Holdings Limited ("Leju"), representing 30% of the then total outstanding ordinary shares of Leju, and approximately $129 million cash consideration. Immediately following the disposal, we became a principal shareholder of Leju, holding approximately 31.1% of the total outstanding ordinary shares of Leju, and recorded the investment under equity-method accounting. For the year 2017, SINA estimates that its non-GAAP net revenues are between RMB 9 billion and RMB 10 billion, or US$ 1.30 billion and US$ 1.44 billion assume US dollar and RMB exchange rate of 6.9448, which was the closing rate on December 31, 2016. Such revenue forecast excludes the recognition of $10.4 million in deferred license revenues from Leju, a subsidiary of E-House. This forecast reflects SINA's current and preliminary view, which is subject to change. 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 in relation to the equity investment in E-House, 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, impairment on goodwill and acquired intangibles, change in fair value in option liability, amortization of convertible debt issuance cost, income tax effects of above non-GAAP to GAAP reconciling items and adjustments for non-GAAP to GAAP reconciling items for the income (loss) attributable to non-controlling interests. 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 9:10 p.m. - 9:50 p.m. Eastern Time on February 22, 2017 (or 10:10 a.m. - 10:50 a.m. Beijing Time on February 23, 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 March 2, 2017. The dial-in number is +61 2 9003 4211. The passcode for the replay is 72564850. 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, 2015 and other filings with the Securities and Exchange Commission. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sina-reports-fourth-quarter-and-fiscal-year-2016-financial-results-300411913.html


In this study, a fibrous nano-silica supported heteropolyacid-based ionic liquid (KCC-1/IL/HPW), which features easy accessibility of active sites and high catalytic activity, was synthesized by a simple, cost-effective procedure. The KCC-1/IL/HPW nanocatalyst exhibited excellent catalytic activity in the synthesis of cyclic carbonate from carbon dioxide and epoxides under mild conditions. The KCC-1/IL/HPW catalyst was characterized by Fourier transform infrared spectroscopy (FT-IR), X-ray diffraction (XRD), thermal gravimetric analysis (TGA), scanning electron microscopy (SEM), and transmission electron microscopy (TEM). A high catalytic activity and ease of recovery from the reaction mixture by using filtration and several reuses without any significant loss in performance are additional eco-friendly attributes of this catalytic system. © The Royal Society of Chemistry 2015.


El-Kholey K.E.,Sina
International Journal of Oral and Maxillofacial Surgery | Year: 2014

For more than a decade, peri-implant tissues have been treated with soft tissue lasers to create a bloodless flap for implant placement and to uncover implants with minimal bleeding, trauma, and anaesthesia. This study was designed to assess if dental implant uncovering is possible with a diode laser without anaesthesia, and to compare its performance with traditional cold scalpel surgery. Thirty patients with a total of 45 completely osseointegrated implants participated in this study. Patients were divided into two groups. For the study group, second-stage implant surgery was done with a 970 nm diode laser. For the control group, the implants were exposed with a surgical blade. Certain parameters were used for evaluation of the two techniques. The use of the diode laser obviated the need for local anaesthesia; there was a significant difference between the two groups regarding the need for anaesthesia (P < 0.0001). However, there were no significant differences between the two techniques regarding duration of surgery, postoperative pain, time for healing, and success of the implants. The diode laser can be used effectively for second-stage implant surgery, providing both the dentist and the patient with additional advantages over the conventional methods used for implant exposure. © 2013 Published by Elsevier Ltd on behalf of International Association of Oral and Maxillofacial Surgeons. All rights reserved.


El-Kholey K.E.,Sina
International Journal of Oral and Maxillofacial Surgery | Year: 2014

The purpose of this study was to compare the efficacy of two antibiotic regimens in reducing early dental implant failure. A preoperative single-dose regimen and a 3-day antibiotic course were compared. Eighty subjects needing dental implant placement were randomly allocated to one of the two antibiotic prophylaxis regimen groups. In the first group, dental implants were placed after the administration of a single preoperative dose of antibiotic (1 g of amoxicillin); no postoperative antibiotics were given. In the second group, dental implants were inserted in patients who received the same preoperative dose of antibiotic as the first group, but the antibiotic was then continued postoperatively for 3 days. Patients returned for postoperative evaluation at 3 days, 7 days, and 12 weeks. The surgical sites were assessed for pain, swelling, wound dehiscence, and pus formation. No statistically significant difference was observed between the two groups, probably because of the limited number of patients. Although minor complications were seen in a few patients, all implants were successfully osseointegrated. Until a study with a larger population rules definitively on the role of antibiotics in implant surgery, a single dose of antibiotic before implant placement may be sufficient. © 2013 International Association of Oral and Maxillofacial Surgeons.


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.


A liposomal formulation for targeting immunotherapy, with synergistic effect in the case of encapsulating an immunosuppressive drug, such as Cyclosporine A, and the method of preparing the same. The reduced toxicity and significant reduction of Delayed-Type Hypersensitivity DTH) due to extremely reduced dosage, potential therapeutic value in control of chronic transplant rejection, allergies and certain autoimmune diseases, and increased efficacy are some of numerous and significant benefits of the present invention.


A topical liposomal composition of Amphotricin B (AmB) and method for preparing same, which can be used as a composition and method for preparing topical liposomal compositions of other hydrophobic drugs. The formulation using AmphotricinB can be used for treating fungal or protozoan infections. The composition is stable with no significant changes in the sizes and AmB content of liposomes after storing at 4 C. and room temperature (22 C.) for more than 20 months. In in vivo and in vitro testing, the compositions exhibit high efficacy in treating cutaneous leishmaniasis.


Patent
Sina | Date: 2010-06-15

A screening test for Mycobacterium tuberculosis in patient samples includes an antibody preparation prepared against the cell wall antigens of M. tuberculosis. One embodiment of the screening test is rapid and has a negative predictive value of 95% or more. Furthermore, the use of an antibody preparation that will specifically bind to multidrug resistant strains of Mycobacterium tuberculosis bacilli permits the screening test to differentiate the detection of Mycobacterium tuberculosis bacilli strains that are resistant to the antibiotics rifampicin and isoniazid.


News Article | February 22, 2017
Site: www.prnewswire.com

SHANGHAI, Feb. 22, 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 fourth quarter and the fiscal year ended December 31,...

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