Sina Corp , owner of social media platform Weibo , will be taken private in a $2.6 billion deal with Chief Executive Officer Charles Chao, the Chinese internet company said on Monday.

SINA (NASDAQ:SINA) gains 6.9% after Q2 beats with $433.6M in advertising revenue (-5% Y/Y), $63M in portal ad revenue (-25%), and $99.4M in non-ad revenue (+19%). Gross margin was 77% versus the 74.6% ...

Net revenue of $131.6 million easily beat the consensus of $129.7 million, making this the third consecutive quarter of revenue beat. Advertising revenue was especially resilient, growing 12% y/y to ...

Chinese internet giant Sina Corp has announced plans to delist its US shares and go private, making it the latest to withdraw from the country's stock markets as relations between Beijing and ...