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| VIEW EVENT INFORMATION: Sina |
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Sina Narrows Its 1Q Loss As It Counts On Weibo-Alibaba Deal To Bolster Ad Revenue |
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About the organization Sina:
Type: Business
Sub-Types: Website, Online News, Online Press |
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Notable Organizations: Sina, Techcrunch
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| Despite rising costs and increasing competition from rivals like Tencent, Chinese Internet giant Sina narrowed its first-quarter net loss to $13.2 million from $13.7 million a year earlier, the company reported today. Sina’s net revenue increased 19 percent year-over-year to $126 million, strengthened by stronger-than-expected non-advertising revenue. |
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