China's Sina in surprise loss after Alibaba deal

BEIJING – Sina Corp, which runs China’s biggest micro-blogging site, posted a surprise loss in the second quarter. The owner of China’s largest Twitter-like service posted second-quarter loss of $11.5 million, or 17 cents a share, on $157.5 million in revenue. Many analysts were expecting a net profit. Sina’s micro-blogging service has more than 500 million users, with many increasingly …

Powered by WPeMatico

This entry was posted in Nigeria News. Bookmark the permalink.

Leave a Reply