China’s Sina Corp (SINA.NASDAQ) saw a non-cash loss of about US$40 million in the first quarter, The Wall Street Journal reported, citing the media company on Wednesday. Sina’s net loss was US$33.2 million, or US$0.52 per share, in the three months ended March 31, compared with a loss of US$13.2 million, or US$0.20 a share, in the same period a year earlier. The losses were related to its microblog Weibo Corp (WB.NASDAQ) going public in April. Weibo reported a loss of US$47.4 million for the quarter, or US$.031 a share.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved