IMAGE SOURCE: SINA CORPORATION.
SINA Corporation (NASDAQ: SINA) released first-quarter 2016 results Wednesday, and as usual it benefited from strong growth from its large stake in microblogging website Weibo (NASDAQ: WB). And even as SINA saw continued momentum in monetizing the mobile aspect of its core search portal business, shares still declined around 4% the following day.
But before we get there, let’s have a closer look at how SINA kicked off the new year.