Sina Is Not Overvalued
Chinese Internet company Sina (SINA) released its latest earnings and said its Weibo service exceeded 227 million users at the end of September and it recently surpassed the 250 million user mark.
The revenues increased, but so did costs. Marketing and R&D costs more than doubled compared to Q3 in 2010. Sina CEO Charles Chao indicated the high costs would actually increase over the next year....384 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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