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May 17, 2013 09:17 am GMT
Despite rising costs and increasing competition from rivals like Tencent, Chinese Internet giant Sina narrowed its first-quarter net loss to $13.2 million from $13.7 million a year earlier, the company reported today. Sina's net revenue increased 19 percent year-over-year to $126 million, strengthened by stronger-than-expected non-advertising revenue.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/x5ADxezw9pE/
Sina Narrows Its 1Q Loss As It Counts On Weibo-Alibaba Deal To Bolster Ad Revenue
Despite rising costs and increasing competition from rivals like Tencent, Chinese Internet giant Sina narrowed its first-quarter net loss to $13.2 million from $13.7 million a year earlier, the company reported today. Sina's net revenue increased 19 percent year-over-year to $126 million, strengthened by stronger-than-expected non-advertising revenue. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/x5ADxezw9pE/
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