What is Sina in China?

What is Sina in China?

Sina Corporation (Chinese: 新浪; pinyin: Xīn Làng, “new wave”) is a Chinese technology company. Sina operates four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina has over 100 million registered users worldwide.

What happened to Chinese stock Sina?

Sina’s shareholders agreed for the company to be privatized by New Wave Holdings Limited in September 2020, at a price of $2.6 billion, or $43.30 per share. The company will be renamed Sina Group Holdings.

Is Alibaba a Chinese owned company?

Defining Alibaba Alibaba is China’s — and by some measures, the world’s — biggest online commerce company. Its three main sites — Taobao, Tmall and Alibaba.com — have hundreds of millions of users, and host millions of merchants and businesses.

What is Sina visitor system?

Literal meaning. Sina Microblog. showTranscriptions. Sina Weibo (Nasdaq: WB) (新浪微博) is a Chinese microblogging (weibo) website. Launched by Sina Corporation on 14 August 2009, it is one of the biggest social media platforms in China, with over 445 million monthly active users as of Q3 2018.

Does Alibaba own Weibo?

Alibaba acquired an 18% stake in Weibo in 2013 via a $586 million investment as its first big move into selling advertisement on China’s social networks. It has since raised its stake. Weibo, which went public on the Nasdaq in 2014, makes most of its revenue from online advertising.

Is Weibo going private?

“The speculation is not true,” a representative for Weibo told Bloomberg, declining to elaborate. Weibo also issued a statement saying that Weibo Chairman Charles Chao informed the company that the Reuters story is “untrue and he has had no discussion with anyone regarding privatization of the company.”

Does Tencent own Weibo?

Tencent Weibo was a Chinese microblogging (weibo) website launched by Tencent in April 2010, and was shut down on September 28th, 2020….Tencent Weibo.

Type of site	microblogging
Available in	Chinese, English
Dissolved	September 28, 2020
Owner	Tencent Holdings Ltd
URL	t.qq.com

Is Weibo controlled by China?

Weibo is now operated as a “beta version”, enabling the user to circumvent prohibition. Due to the Internet censorship in China, all of the China-based weibo services are now controlled by various self-censorship policies and methods.