Sina Corporation (SINA)

[eastunder]

SINA: Q2 Adj EPS 17c vs 21c Beats 9c Est

Friday , August 15, 2014 06:30ET


QUARTER RESULTS
SINA Corporation (SINA) reported Q2 results ended June 2014. Q2 Revenues were $187.00M; +22.38% vs yr-ago; BEATING revenue consensus by +4.35%. Q2 EPS was 25c. Adjusted Q2 EPS was 17c; -19.05% vs yr-ago; BEATING earnings consensus by +88.89%.

Q2 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $187.00M      $152.80M     +22.38%      $179.20M      +4.35% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                 25c           N/A         N/A           N/A         N/A 
 Adj EPS:             17c           21c     -19.05%            9c     +88.89% 
 ----------  ------------  ------------  ----------  ------------  ----------

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this is good

[ospreyeye]

SINA: China Looking Good.........SINA on breakout radar.............$$$

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2014 SINA CORPORATION Annual Meeting of Stockholders

MEETING DATE: August 8, 2014

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9:03a ET July 15, 2014 (PR NewsWire) Print


E-House (China) Holdings Limited ("E-House" or the "Company") (NYSE: EJ), a leading real estate services company in China, today announced the launch of China's first real estate financial services platform, "Fang Jin Suo," and its associated website, www.fangjs.com, along with the platform's first two real estate financial products, "E-House e-Loan" and "Leju e-Loan," which are being offered by E-House's real estate brokerage services business unit and its real estate online services subsidiary Leju Holdings Limited (NYSE: LEJU), respectively.

Fang Jin Suo, which translates to "Source of Real Estate Funds" and was co-founded by E-House and SINA Corporation (NASDAQ: SINA) ("SINA"), is a platform that links qualified home buyers with borrowing needs to potential investors. E-House e-Loan and Leju e-Loan are the first two financial products offered to home buyers and individual investors via the platform, and are backed by SINA, E-House, Zhong An Insurance, China's first online insurance firm, and Beijing Sina Payment Technology Co., Ltd. ("SINA Payment"), an online and mobile payment system owned by SINA. Fang Jin Suo is designed to offer investors low-risk products with attractive returns while providing qualified home buyers with additional liquidity to facilitate real estate transactions.

E-House also announced that it has reached an exclusive strategic cooperation agreement with Zhong An Insurance, a company jointly founded by Alibaba Group Holding Ltd., Tencent Holdings Ltd. (HKG: 0700), and Ping An Insurance (Group) Company of China Ltd. (HKG: 2318 and SSE: 601318), among others. Under the agreement, Zhong An Insurance will work with E-House to exclusively provide insurance for real estate loan products through Fang Jin Suo, including principal and interest payment insurance for investors who purchase the E-House e-Loan and Leju e-Loan products.

Xin Zhou, E-House's co-chairman and CEO, said, "Combining E-House's vast home buyer base, SINA's high-end internet users, SINA Payment's secure payment system, and Zhong An's insurance services, Fang Jin Suo aims to become China's leading online real estate financial services platform. We aim to provide investors with safe and transparent fixed-income wealth management products with attractive returns, while at the same time offering qualified borrowers home-purchase related loans and credit services. E-House e-Loan and Leju e-Loan are the first products available through our new platform, which will offer a variety of real estate-related financial products over time."

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1:47a ET July 14, 2014 (MarketWatch)




Share

Print

Chinese man builds his own Tesla-charging network
By Wu Jing
BEIJING (Caixin Online) -- Disappointed by a lack of recharging facilities for electric cars made by Tesla Motors Inc., one of the first Chinese owners of the company's Model S took matters into his own hands.
Guangdong-based businessman Zong Yi started a campaign to build what he said is the first "electric-vehicle charging road" in the country, with recharging facilities in 16 cities from Beijing to Guangzhou. He paid for every recharging station along his indirect, 5,750-kilometer (3,570-mile) route himself.
What began as a way to get his car home from the dealership became a demonstration of the power of Internet-based organizing and a grassroots alternative to government-backed charging-facility projects.
When Zong, 44, took delivery of his vehicle in Beijing in the spring, he faced a problem: With recharging facilities absent outside of Beijing and Shanghai, how could he drive home to Guangzhou? His first idea was to bring a charger with him and ask to use power outlets at the hotels he stayed at along the way.
Zong quickly changed his mind. He didn't just want to drive back home once, he wanted to set up a route that could be used by future drivers of electric cars.
Zong contacted Wu Bixuan, the Tesla (TSLA) executive in charge of China operations, and told her that he wanted to buy 20 recharging facilities to give away along the road to Guangzhou. He also posted notices on popular networking site Sina (SINA) Weibo, China's answer to Twitter (TWTR), and through the popular messaging app WeChat, seeking property owners along the route with a spare parking space near a heavy-duty electrical outlet.
Zong would then donate and install the chargers in the space and mark it on an online map of his "China Electric Road." The owners of the parking spaces could decide whether to charge a fee or offer the service for free.
"If we install at hotels, we can handle everything on our own and avoid dealing with property management, power companies and the government," Zong said. "Seven hours of charging costs the property owners about 30 yuan [about $5] in electricity. But if the driver has a meal or spends the night at the hotel, this can become a profit model."
Zong got over 500 responses to his social-media campaign, so he added more conditions: four-star hotel, free parking, locations that were easy to find. He then chose spots in 16 cities.
Zong admitted the network is not without its problems. The recharging facilities can handle Tesla cars and electric cars from other companies, but their spacing -- from 100 kilometers to 400 kilometers apart -- is too much for most electric cars. Tesla's Model S can travel 500 kilometers per charge.
Moreover, Zong installed slow chargers, not the newer rapid-charging stations that both Tesla and the government are focusing on. A full charge for a Model S at one of Zong's stations takes at least eight hours, requiring overnight stays at every stop.
Despite these shortcomings, Zong is optimistic. "If I can get through this meandering trail from Beijing to Guangzhou, I think it won't be hard for more daring entrepreneurs to get into action," he said.
When asked what his network cost, Zong gave an indirect answer, saying it was twice what he paid for his electric car. A new Tesla Model S costs at least 730,000 yuan.
Zong started his trip from Beijing to Guangzhou on May 25. Another person driving a Qin plug-in hybrid, the newest model from domestic car maker BYD Auto Co. (002594.SZ), joined him. As Zong's car passed Tiananmen Square, it sported a banner reading: "I don't use any gas!"
In Qingdao, a port city in Shandong about one-fourth of the way to Guangzhou, Zong parked his Tesla on a public square in the city center, attracting a crowd of curious onlookers. Later, in the central city of Wuhan, he delivered a speech at a university promoting free charging services for electric cars.
"I think I'm the best sales manager Tesla has," he said. "There was just so much interest along the way. I must have sold at least 150 cars."
See this report at Caixin Online. Follow Caixin on Twitter at @caixin
More MarketWatch must-reads:
Sheldon Adelson, Warren Buffett agree on at least one thing...
Craig Stephen doesn't buy Hong Kong's 'small flat' rebound
Hulbert: U.S. stocks will be 'very disappointing' for 10 years
-Wu Jing; 415-439-6400; [e-mail]

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Internet Boom

According to official data, there are 618 million Internet users in China. By 2015, these numbers could grow beyond the 850 million mark. McKinsey & Co. projects the online retail market in China will be worth $395 billion by 2015. This is around three times larger than its size in 2011.

This is the most significant underlying reason for the success of these IPOs. Since such companies also offer higher returns, investors have found them more attractive than their U.S. counterparts.

It comes as no surprise that the 10 Chinese companies which listed in the U.S. included micro-blogging platform Weibo Corp., a subsidiary of SINA Corp. (SINA) and Jumei International Holding Ltd., an Internet cosmetic retailer.

[denben90]

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China soccer fans are following World Cup news on Internet. SINA Corporation (SINA) subsidiary Weibo Corporation, where Alibaba too owns a stake, had 22 million visitors on the first day of FIFA World Cup. There were 83 million published posts within the first two hours of the event.

[denben90]

no important news/pr.

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will be on the move up soon

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Sina Corp. Analyst Notes On May 21, 2014, Sina Corp. (SINA) released its unaudited financial results for Q1 2014. For the quarter, revenues rose by 36.1% YoY to $171.5 million. Non-GAAP net income for Q1 2014 was $11.1 million, compared to $1.5 million in Q1 2013. SINA Chairman and CEO, Charles Chao, commented, "We are delighted to report strong revenue growth in the first quarter of 2014 driven by our continuing success in Weibo monetization." The full analyst notes on SINA are available to download free of charge at:

http://www.analystsreview.com/Jun-03-2014/SINA/report.pdf

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Sina.com SINA -3.92% shares rose almost 16 percent after the China-based Internet information services firm boosted its outlook for the second quarter. The company now expects to make 13 to 15 cents a share on revenue of $24 million to $25 million. It previously projected a profit of 8 to 9 cents a share on revenue of $19.6 million to $20.3 million.

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46.50

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45 +

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43.67

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28.00 on 28th May 2009

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SINA (NASDAQ: SINA) is projected to post its Q1 earnings at $0.16 per share on revenue of $165.25 million.

[eastunder]

SINA Q1 earnings 5-21-14 AMC

Corporation to Report First Quarter 2014 Financial Results on May 21, 2014


Click Here for more Sina Corp. - Ordinary Shares (MM) Charts.SHANGHAI, May 14, 2014 /PRNewswire/ -- SINA Corporation (NASDAQ GS: SINA), a leading online media company serving China and the global Chinese communities, will announce its unaudited financial results for the first quarter 2014 after the close of market on Wednesday, May 21, 2014. Following the announcement, SINA's management team will host a conference call from 10:10 p.m. -10:50 p.m. Eastern Time on May 21, 2014 (or 10:10 a.m. -10:50 a.m. Beijing Time on May 22, 2014) to present an overview of the Company's financial performance and business operations.

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49

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47.99

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www.Alibaba.com

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48.53

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46.75

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Green

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48.35

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48.82

[eastunder]

Finviz Weekly

[eastunder]

Sina: Beijing Cracks down On Porn; What’s The Damage?

http://blogs.barrons.com/emergingmarketsdaily/2014/04/25/sina-beijing-cracks-down-on-porn-whats-the-damage/?mod=yahoobarrons&ru=yahoo


By Shuli Ren

Sina Corp. (SINA) has received a notice of hearing from the National Anti-Pornography Office for disseminating pornographic content on Sina Literature and Sina Video sites. According to the Xinhua News Agency, Beijing plans to suspend Sina’s Internet publishing license and audio/video program transmission license – though Sina could appeal.

Some suspect the move is politically motivated. Financial Times has the details:

As some of the content in question had been available on the website for years, the timing of the decision has been read in some corners as an effort to pile pressure on Sina Weibo, which has been at the centre of a crackdown on internet freedom since last August.

Sina Weibo employs armies of censors to scrub content and delete posts with objectionable content, much of it political.

On April 17, Sina Weibo went public with an initial public offering on the New York Nasdaq stock exchange, raising $3.8bn. The same day, Chinese authorities sentenced Qin Zhihui, a blogger accused of organising smear campaigns for money, to three years in prison for “rumour mongering.”

The immediate impact of the ban is unclear. Financial Times again:

Xinhua quoted a government official who said the company would have time to appeal against the decision to revoke the licenses, which if it is carried out would “partially ban” Sina’s operations.

So what are the worst-case scenarios? The impact of the Sina Literature license is minimal, but Sina does generate meaningful revenue from its Video site, according to J.P. Morgan analysts Alex Yao and Yong Wang:

In the worst-case scenario, where the government decides to suspend the two licenses, we believe 5-10% of 2014E revenue would be at risk, but the actual impact might be less significant.

The impact of suspended video services could be more significant, as Sina generates meaningful revenue from video ads (JPMe 10-20% of portal revenue). For example, video content is an important part of Sina’s ads package for major events (e.g., the upcoming World Cup). However, we understand that there could be ways to alleviate this situation, e.g., inserting video content from third parties within news reports. Last, a loss of video license does not necessarily disable Sina’s video operations, as there are a number of video operators without a license.

Sina has lost about 12% of its market value since the rumor first started floating. Weibo (WB) has lost 15%.

[eastunder]

SINA Announces Receipt of Government Notices

http://finance.yahoo.com/news/sina-announces-receipt-government-notices-132000572.html


SHANGHAI, April? 25,??? 2014? /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (NASDAQ GS: SINA), a leading Internet media company serving China and the global Chinese communities, today announced that it had received three notices from Beijing Municipal Cultural Market Administrative Law Enforcement Unit concerning alleged violations of PRC regulations on the Company's distribution of certain unhealthy and indecent literary content on its online reading channel book.sina.com.cn and certain unhealthy and indecent video content uploaded by users on its website www.sina.com.cn.

The Company was informed that as administrative penalties for these violations, the State Administration of Press, Publication, Radio, Film and Television proposes to revoke the Company's Internet Publication License and the License for Online Transmission of Audio-Visual Programs , and Beijing Municipal Cultural Market Administrative Law Enforcement Unit proposes to impose an administrative fine for these violations.

It is the Company's understanding that these administrative penalties are part of the PRC government's campaign to clean up unhealthy and indecent content on the Internet in China. The Company intends to fully cooperate with the relevant government authorities and take appropriate actions as necessary.

[eastunder]

Sina penalised for porn as China censorship bodies jockey for power

http://finance.yahoo.com/news/sina-penalised-porn-china-censorship-094034979.html


* Sina crackdown seen as a warning to Internet firms

* First time anti-pornography body has penalised web firm -expert

* Move seen as power play as govt bodies clamour for authority

By Paul Carsten and Michael Martina

BEIJING, April 25 (Reuters) - A move by China's authorities to strip Sina Corp of some online publication licences as part of a pornography crackdown should be seen as a warning shot at the country's Internet firms to toe the Party line on freedom of expression, experts said.

The punishment was also initiated by a regulatory body that has previously not exercised its power in this way, and is being widely viewed as a sign that various branches of the government are clamouring to assert their authority over the Internet.

The revocation of Sina's licences for online literature, video and audio publication is the harshest in recent memory for a large Chinese Internet company. But it will inflict minimal damage to the company which gets most of its money from advertising on its more popular websites such as those for news, sport and entertainment.

"It's almost a symbolic move, they're targeting Sina, which is a big name, because they know everyone will write headlines about it, but it won't have an impact on the company's revenues or profits," said Doug Young, a professor at the Fudan University Journalism School.

"But at the same time it sends a message out to companies, 'Hey, you guys need to be watching your sites and actively policing it to avoid sensitive content and remove it'," he said, adding that he did not think other firms would be targeted now that the message was out.

The licences were revoked after twenty articles and four videos posted on Sina.com were found by the National Office Against Pornographic and Illegal Publications to contain "lewd and pornographic content", the official Xinhua news agency said on Thursday.

Sina issued a statement that it was sincerely apologetic and that it is now closely communicating and cooperating with authorities. It is unclear if or when Sina will get its licences reinstated.

Shares in Sina, which trades on the Nasdaq, slid more than 7 percent but later pared losses to end 3 percent lower.


ONLINE CRACKDOWN

The move came amid an anti-pornography campaign that was launched this month and which officials say will last until November.

But it is also part of a wider crackdown on online freedom of expression that has intensified after President Xi Jinping came to power early last year, and which has drawn criticism from rights groups and dissidents both at home and abroad.

Tencent Holdings Ltd's social messaging app, WeChat, was also targeted last month, with dozens of widely read public user accounts run by outspoken columnists shut down. Last year, there was a move to purge online rumour-mongering which was seen by free speech advocates as a tool to punish critics of the ruling Communist Party.

New centres of power created under Xi have likely caused regulators with varying degrees of authority over the Internet to jockey for position and recognition.

"There's a bit of competition for who's in charge of the Internet, so people have to be seen to be getting notches in their belt," said Duncan Clark, chairman of BDA, a Beijing-based tech advisory.

"To retain your power and not lose your power you need to be seen to enforce. What this does is make people nervous: who's next? It seems like there's change in the air."

Zhan Jiang, a journalism professor at the Beijing Foreign Studies University, also argues that the move by the National Office Against Pornographic and Illegal Publications was one with little legal justification.

"If Sina are guilty of such behaviour it should be punished by the Ministry of Industry and Information Technology or the State Council Information Office," he said.

According to Zhan, this is the first time an Internet company has been punished by the office, which usually targets traditional media, and Sina's publication of pornography isn't unique to China's large Internet firms

[eastunder]

Sina suspends book site after pornography reported

http://finance.yahoo.com/news/sina-suspends-book-pornography-reported-071538069.html

BEIJING (AP) -- Sina.com temporarily closed its literature site Friday after being accused of hosting pornography, and authorities confirmed they were revoking two crucial licenses, ensnaring one of China's top web portals in an intensifying online crackdown.

Sina decided to take books off its site while it undergoes "a self-correction action" to screen their content, according to a notice on its reading channel. Book reviews, cultural news, author biographies and interviews were still available.

While the government periodically launches campaigns targeting obscene or improper content, this is the first time a major Internet company has faced such a heavy punishment, which will likely serve as a warning to other big players. The latest anti-pornography campaign comes amid a wider crackdown on online expression that has seen individual microblogs closed and punishments for spreading rumors online.

The Beijing Cultural Law Enforcement Agency, a body under the city government responsible for clamping down on pornography and illegal publication, said there were still some procedures to go through before Sina's licenses were revoked.

"We delivered a note of punishment to Sina that states the two licenses will be revoked," Shen Rui, head of the online enforcement task force at Beijing Cultural Law Enforcement Agency, said Friday.

Shen said Sina would be fined but the amount hadn't yet been verified, and that according to law it would be fined five to 10 times the illegal income made from the pornographic material.

He said the licenses would be revoked by the State Administration of Press, Publication, Radio, Film and Television. No one was available to comment there.

State media reported prominently Thursday and Friday that broadcasting authorities had decided to revoke Sina's licenses on Internet publishing and online audiovisual broadcasting and impose "a large number of fines," while some of its employees were being investigated by police. It said this might have the effect of partially banning the company's operations, and that the move came after authorities allegedly found pornographic content on its literature and video sites. Sina's video site was still operating normally Friday.

A spokesman from Sina said he had no immediate comment and later calls to his office were not answered.

Sina has the right to appeal the decision.

[mick]

Sina Corp. - Ordinar (SINA)
49.126 ? -2.514 (-4.87%)
Volume: 2,319,316 @ 12:20:39 PM ET

Bid Ask Day's Range
49.12 49.16 48.48 - 50.97

SINA Detailed Quote Wiki


SINA News: SINA Announces Receipt of Government Notices 09:20 AM
SINA News: SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SINA Corporation - SINA 04/24/2014 03:03:00 PM
SINA News: SINA Announces up to US$500 Million Share Repurchase Program? 04/11/2014 08:30:00 AM
SINA News: Stock Price Updates, Agreements, New Product Launches, and Awards & Accolades - Analyst Notes on EMC, First Solar, NXP, FireE... 04/08/2014 01:58:00 AM
SINA News: Investor-Edge.com Technical Analysis on Top Gainers: SINA, Baidu, ReneSola, and Energy Recovery 03/07/2014 08:00:00 AM
News Alert: SINA Announces Receipt of Government Notices 04/25/2014 09:20:00 AM

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ask 49.24

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http://www.otcmarkets.com/stock/SINA/chart

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it sure will > not sure how low we will go yet

[eastunder]

It will be interesting to see how this all plays out.

[eastunder]

Let the games begin. :)

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all most time to jump in

[Wildbilly]

Just like FB, eh?

Remember when we kept losing volunteers to keep track of the lawsuits and finally gave up at 30 + something? And where was the catastrophe that all the posters who claimed over and over the stock was going to $.005? Lol lol, I envy you the inevitable fun ahead but probably won't join in until they start offering options.

I know you're chomping at the bit. :)

[eastunder]

SINA intraday

[eastunder]

SINA


4-24-14

51.64

[eastunder]

I love how the ambulance chasers have started to emerge:

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SINA Corporation - SINA

The investigation concerns whether SINA and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On April 24, 2014, the Chinese government, in a crackdown on "lewd and pornographic" content, revoked two of the Company's online publication and distribution licenses, China official media reported.

The National Office Against Pornographic and Illegal Publications said tips from the public led to the discovery of 20 articles and four videos on the sites that violated regulations. "Some of these articles were as long as 500-plus chapters and clocked millions of clicks imperiling social morals and seriously harming minors' physical and mental health," the statement said, according to a report published by the Los Angeles Times.

On this news, shares of SINA fell $2.25, or more than 4.22%,, on intraday trading to $51.02, on unusually heavy trading volume, on April 24, 2014.

LOLOLOLOL I keep laughing every time I read that.

Some of these articles were as long as 500-plus chapters and clocked millions of clicks.

LOLOLOL