Sina sales outperform despite ad market concerns

Sina Corp posted better-than-expected fourth-quarter revenue and profit amid concerns about the slowing growth of Chinese online advertising.

Shares in the company, which runs China’s largest online portal and the Twitter-like “Weibo” microblogging platform, climbed 6 per cent to US$56.50 after-hours. They have fallen 13.4 per cent since the start of the fourth quarter, underperforming a 2 per cent rise in the Nasdaq.

via Business feed http://www.scmp.com/business/companies/article/1154504/sina-sales-outperform-despite-ad-market-concerns