Sina Corporation (NASDAQ: SINA), a major Chinese portal site and creator of Weibo (“China’s Twitter”), recently rallied after the company announced that Internet giant Alibaba (NASDAQOTH: ALBCF.PK) had purchased an 18% stake in Weibo.
In addition to the initial investment, Sina is giving Alibaba the option to increase its stake in Weibo to 30% within a limited time on a mutually agreed valuation. Sina is also expanding its e-commerce more »
Yahoo! (NASDAQ: YHOO) has recently taken off significantly after sluggish share performance in the past several years. Since the beginning of September 2012, Yahoo! has climbed steadily, from $14.65 per share to more than $24 per share.
It seems that the company is on the right track of restructuring under the leadership of CEO, Marissa Mayer. Many investors have confidence in the potential growth of Yahoo! search in the more »
Alibaba (NASDAQOTH: ALBCF.PK) announced declining results for Q1 claiming they are cleaning up their act or the act of many of their vendors. The drop in recurring cash flow clocks in at a YoY drop of a mind numbing 87%. But later in the earnings release they claim their cash and bank balances improved with a 24.3 % increase year-on-year and flat from December 31, 2011. Which means the more »