Tag Archives: Weibo

latest Financial News of Sina Weibo , by Doug Young, expert of Chinese Business (former Reuters journalist in China).
SINA Corp (NASDAQ:SINA) Business and Financial report

INTERNET: Weibo Nets People’s Daily, Passes Twitter

Bottom line: Weibo’s rise from the ashes is likely to be followed by a decline similar to the one after its initial rise, as the current boom in live broadcasting wanes or that part of its business gets stolen by a better product from rival Tencent. 

Weibo links with People’s Daily

A turbo-charged Weibo (Nasdaq: WB) is in a couple of headlines as the new week begins, led by a new partnership with Beijing’s powerful central media that looks eerily similar to one from about 5 years ago. At the same time, the company is also in headlines for passing its role model, U.S. social networking pioneer Twitter (Nasdaq: TWTR), in terms of market value, in a case of the offspring outrunning the parent.

The sub-story to all of this is the huge and sudden explosion of live streaming services in China, which has helped Weibo to rise from the ashes and suddenly become one of China’s hottest companies again. That same live streaming phenomenon is also helping to revive others, such as Momo (Nasdaq: MOMO), sometimes called China’s equivalent of U.S. hooking-up app Tinder. Read Full Post…

INTERNET: Weibo Rocks Without Alibaba, Break-Up Ahead?

Bottom line: Weibo’s lessening dependence on Alibaba is making an acquisition of the former by the latter look less likely, and raises the possibility that Weibo could instead make a play for its parent, Sina.

Weibo weans self from Alibaba

I’ve been predicting for a while that e-commerce leader Alibaba (NYSE: BABA) would soon make a bid for Weibo (WB), often called the Twitter (Nasdaq: TWTR) of China, due to an increasingly cozy relationship between the two. But the latest results from Weibo could prompt me to revise my earlier prediction, with the revelation that Weibo actually appears to be weaning itself from its heavy dependence on Alibaba.

This story has a number of threads, underpinned by a landmark tie-up that saw Alibaba buy 18 percent of Weibo 3 years ago, and then later increase that to the current level of 30 percent. The idea was that Weibo, which was losing money at the time of the original tie-up, could milk Alibaba’s connections with thousands of online merchants to find new business opportunities. Such a development did indeed occur, and last year business from Alibaba accounted for a whopping 30 percent of Weibo’s total. Read Full Post…

China News Digest: October 15-17, 2016

The following press releases and news reports about China companies were carried on October 15-17. To view a full article or story, click on the link next to the headline.
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  • ChemChina, Sinochem in Talks on Possible $100 Bln Merger: Sources (English article)
  • Tencent (HKEx: 700) to Sign $3.5 Bln Loan to Finance Supercell Purchase (Chinese article)
  • Weibo (Nasdaq: WB) Has Nearly Eclipsed Twitter (NYSE: TWTR) by Market Value (English article)
  • Smartisan Denies Rumors to be Aquired by NetEase (Nasdaq: NTES) (Chinese article)
  • Tongcheng Eyes IPO in 3 Years After Merger with Wanda Travel (Chinese article)
  • Latest calendar for Q3 earnings reports (Earnings calendar)

VIDEO: New Alibaba-Backed Alliance Hints at Sina Acquisition

Bottom line: A new alliance between Youku Tudou, Weibo and UCWeb, combined with reports of the imminent resignation of Youku’s CEO, point to a sale of Weibo parent Sina to Alibaba within the next 6 months.

New alliance hints at Sina sale

Two new developments involving several Alibaba-backed (NYSE: BABA) assets are hinting at a major new shakeup in the firm’s online video and social networking (SNS) division, which could include an acquisition of stalwart web portal Sina (Nasdaq: SINA) that I’ve been predicting for a while. This particular series of corporate shuffles is quite complex, but does seem to hint that Alibaba is trying to rationalize and synergize some of its major web-based entertainment and SNS assets outside its core e-commerce business. Read Full Post…

INTERNET: Sina Gives Weibo Dividend, Phoenix Fires Editors

Bottom line: Sina’s award of Weibo shares as a dividend reflects recent strong momentum in Weibo’s business, while Phoenix New Media’s firing of 3 top employees for disciplinary reasons will undermine its news division’s credibility.

Sina gives Weibo shares as dividend

Two of China’s leading news portals are in the headlines today, led by word that industry stalwart Sina (Nasdaq: SINA) is giving stock in its Twitter-like Weibo (Nasdaq: WB) unit to shareholders as a dividend. That particular news comes as shares of both Sina and Weibo have soared over the last 2 months, as Weibo finally starts to realize its profit potential.

Meantime, Phoenix New Media (NYSE: FENG) is in more dubious headlines, with word that 3 high-level employees from its news division have been fired for “serious violations of discipline.” There’s no mention of criminal charges in the reports, which cite an internal memo to employees. But it’s a bit noteworthy that the wording is identical to the frequently used phrase for high Communist Party officials being probed for corruption. Read Full Post…

China News Digest: September 1, 2017

The following press releases and news reports about China companies were carried on September 1. To view a full article or story, click on the link next to the headline.
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  • Tencent (HKEx: 700) Announces Interim Results (HKEx announcement)
  • Xiaomi to Launch Mobile Payment Service Mi Pay with Bank Card Support (English article)
  • Sina (Nasdaq: SINA) Announces Distribution of Weibo (Nasdaq: WB) Shares (PRNewswire)
  • Fosun (HKEx: 656) in Talks to Buy Stake in Russia’s Renaissance Capital (English article)
  • ChineseAll Digital Publishing (Shenzhen: 300364) Buys 16 Pct of Sina Reader (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

China News Digest: August 16, 2016

The following press releases and news reports about China companies were carried on August 16. To view a full article or story, click on the link next to the headline.
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  • Top 3 China Smartphone Vendors Get Combined 47 Pct Market Share in Q2 – IDC (press release)
  • Tesla (Nasdaq: TSLA) Removes ‘Autopilot’ From China Website After Beijing Crash (English article)
  • Direct Broadcasting Platform Douyu Raises 1.5 Bln Yuan in Series C Funding (Chinese article)
  • Bulls and Bears Collide as Weibo (Nasdaq: WB) Surges to Record (English article)
  • Didi Chuxing Adds Hired Driver Feature to Platform (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

INTERNET: Sina Jumps on Weibo, JD Inches Towards Profits

Bottom line: Sina’s latest financials show it could be benefiting from recent woes at Baidu, while JD.com’s results show its growth is slowing as it moves towards its important goal of becoming profitable.

Sina jumps on strong profit growth

Two of China’s top Internet companies have just reported their latest quarterly earnings, with web stalwart Sina (Nasdaq: SINA) wowing Wall Street with new numbers that show its Twitter-like Weibo (Nasdaq: WB) service may finally be gaining some traction. Meantime, investors were less impressed by e-commerce giant JD.com (Nasdsaq: JD), which continued to post strong revenue growth but remained squarely in the loss column. JD tried to comfort investors by saying its operations are now quite profitable on a non-GAAP basis, but that didn’t seem to change sentiment too much. Read Full Post…

MULTINATIONALS: China Patriots Back at Work in Apple, KFC Protests

Bottom line: Recent calls for boycotts of KFC, iPhones and McDonald’s by Chinese patriots are unlikely to result in long-term damage for any of the companies, but could become a problem if any of China’s ongoing territorial disputes escalate.

Chinese patriots call for KFC boycott
Chinese patriots call for KFC boycott

It seems China’s restless patriots are back at work following a 4 year break, venting their latest anger at the US by smashing Apple (Nasdaq: AAPL) iPhones and calling for boycotts of KFC. This particular bout of Chinese patriotism follows a ruling 2 weeks ago by an international court that found in favor of the Philippines in a territorial dispute with China. The last major bout of similar patriotism came back in 2012, and involved another territorial dispute between China and Japan. But in that instance, Beijing gave much freer rein to many of the patriots, which resulted in long-term Chinese sales declines for the big Japanese automakers. Read Full Post…

MEDIA: Reuters Trims China News Site, in Bow to Beijing

Bottom line: Reuters decision to put its Chinese-language website on hold is partly a surrender to Beijing, but also acknowledges that new approaches are needed to succeed in the nation’s restrictive media space.

Reuters revamps China consumer strategy

No one else is writing about the latest strategic shift at Reuters’ (NYSE: TRI) Chinese language news site in Beijing, probably because the actual number of headcount reductions is quite small, at less than 10. But the move has huge symbolic significance, since it looks like an admission of defeat to Beijing censors who blocked the site in China more than a year ago. At the same time, the move also represents a certain realism, and the fact that Chinese consumers increasingly get their news via other channels anyhow, most notably social media. Read Full Post…

POLICY: Huawei, Weibo, NBA Chase Business Cheats in Court

Bottom line: New court actions by Huawei, Weibo and NBA star Michael Jordan reflect China’s efforts to crack down on white collar crimes that are common but threaten to hamper the country’s economic development.

Huawei tussles with corporate thief
Huawei tussles with corporate thief

The headlines are bubbling today with a few notable stories from the courtroom, which spotlight the slow but steady progress China is making against corporate cheats who undermine the nation’s business climate. Leading the news is telecoms giant Huawei, which is chasing a rogue former executive who was already jailed once for stealing company property and tried to continue his illegal ways after being released from prison.

Another headline has a judge ruling in favor of the Twitter-like Weibo (Nasdaq: WB), which accused a software maker of illegally stealing data from its service. Last but not least there’s the NBA, whose legendary Michael Jordan is closing in on a high-court decision that could finally force a rogue sporting goods maker to stop illegally using his trademark. Read Full Post…