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.
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