The former Sina portal business will be more closely integrated with the Weibo business, while the businesses including Sina Finance and Sina Sports will be developed more independently. The company operates SINA.com, an online media property that provides region-focused format and content, including feeds from news providers; business news coverage and personal finance columns; sporting events information; entertainment news and … Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected. Take a look. The announcement comes a day after Chinese internet giant Sina Corp -- which owns the country's massive Twitter-like Weibo -- said it would go private as well. Why it matters: Sina is the second Chinese tech company in a month to mull a delisting from US stock exchanges. Has merged with another entity. In this volume, contributors from across law and internet and media studies examine the state of human rights in today's platform society. This cookie is set by Youtube and registers a unique ID for tracking users based on their geographical location. This book examines attempts to influence the outcome of the negotiations between Iran and the United States over Iran’s nuclear capabilities. In other words, Weibo's market cap is 4.6 times higher than Sina's. This cookie is set by pubmatic.com. The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. The company will be renamed Sina Group Holdings Ltd. and will become a private company jointly controlled by Chairman Charles Chao and Sina management. Sina, which began life as a “portal” similar to Yahoo!, runs a variety of online media properties but is perhaps best known for starting the social media platform Weibo (often glossed as “China’s Twitter”). “The privatization of Sina is not the end of an era, but we use a new structure to better develop our future,” said Chao in the memo. internet giant Sina Corp—which owns the country's massive Twitter-like Weibo—said it would go private as well. Sina Corp. agreed to go private after an entity led by its chairman, Charles Chao, boosted its offer for the Chinese social media company to $43.30 a share in cash. This cookie is used to measure the number and behavior of the visitors to the website anonymously. Your password has been changed successfully. Sina shares surge 10 percent pre-market after receiving 'privatization' offer. The cookies collect this data and report it anonymously. The data collected including the number visitors, the source where they have come from, and the pages viisted in an anonymous form. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. It helped Sina.com to avoid China’s restrictions on foreign direct investment (FDI) in the value-added telecom services sector. A growing number of Chinese companies have delisted from the US or opted for secondary, domestic listings as the world’s two superpowers butt heads over a number of issues including technology, Hong Kong and the coronavirus. Necessary cookies are absolutely essential for the website to function properly. TIF - Tiffany & Co. - had a merger. BEIJING - 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 Washington sour. According to Sina's SEC filings, Chao held 12.2% of the shares through New Wave as of March 31, 2020, with 58% of the voting rights. The exchange also is required to post a public notice on its website at least 10 days before the delisting date. The purpose of the cookie is to determine if the users' browser supports cookies. This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website. Nasdaq-listed Sina Corp., the owner of popular Chinese microblogging site Weibo, will go private in a $2.59 billion deal with Beijing-based New Wave Holdings, while web … As a result of the merger, SINA became a wholly owned-subsidiary of Sina Group Holding Company Limited and will be delisted from NASDAQ. SINA Corporation is a leading online media and entertainment company and provider of mobile value-added services (formerly known as short messaging services or “SMS”) for the People’s Republic of China (China or PRC) and for global Chinese communities. Sina launched China’s first blog platform in 2005 and soon became one of the country’s most popular social media platforms, before the company introduced the more popular Weibo in 2009. Freedom in the World, the Freedom House flagship survey whose findings have been published annually since 1972, is the standard-setting comparative assessment of global political rights and civil liberties. Sina is known as a leading online media company serving the Chinese community in China and around the world, but it is best-known for its Twitter-like social media unit Weibo. The exchange decides on a delisting date that is at least 10 days from the day Form 25 is filed with the Securities and Exchange Commission. Sina Announces Completion of Merger PR Newswire BEIJING, March 22, 2021 BEIJING, March 22, 2021 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (Nasdaq: SINA), a … SINA closed down 0.12 percent on Monday, March 22, 2021, on 5.49 times normal volume. This data is used to provide users with relevant ads. Sina Group inherits a 44.9% equity stake in Weibo and 71% voting control, and intends to remain Weibo’s principal shareholder, according to an internal memo written by Chao (in Chinese). Weibo is one of China’s largest social media platforms, with 523 million active users (as of December 2020). Found insideThe first book to present a new conceptual framework which offers an initial explanation for the continuing and rapid success of such 'disruptive innovators’ and their effects on the international hospitality industry. Mar 21, 2021 Bearish Harami - consists of an unusually large white body followed by a small black body contained within. If the cookies are set, the user is a returning user. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Found inside – Page 7-3A2 for 100 % office and graphics equipment 187 1,2424 | 56.5 4.6 2.60 at $ 48.06 / sh nyse : delisted Esselte Business Systems Inc. has been merged into its ... Found insideFreedom in the World, the Freedom House flagship survey whose findings have been published annually since 1972, is the standard-setting comparative assessment of global political rights and civil liberties. Large white body It is considered as a bearish pattern when preceded by an uptrend. Crowd Money closes by revealing over 125 shares ideally placed to be the global bull market stars of tomorrow. MIAX PEARL Logo in White with underline ... MIAX Emerald Logo in White with underline Chinese internet giant Sina Corp, the parent company of the country’s vast Twitter-like Weibo platform, plans to delist its US shares and go private, making it the latest mainland firm to withdraw from Wall Street as relations between Beijing and Washington sour. Strong passwords include numbers,letters,and special characters. The transaction values Sina at $2.68 billion. SINA's go-private deal might seem reasonable given the escalating trade tensions and the passage of a U.S. Senate bill that could delist U.S.-listed Chinese companies unless they … HONG KONG OR SHANGHAI We also use third-party cookies that help us analyze and understand how you use this website. Sina to be delisted from Nasdaq on Monday after take private. Chinese internet giant Sina Corp, the parent company of the country's vast Twitter-like Weibo platform, plans to delist its US shares and go private, making it … Sina, one of China's oldest Internet companies, announced Tuesday the completion of its privatization and delisting from the Nasdaq after 21 years of being listed there. Sina's stock shoots up after disclosing buyout bid for 12% premium from company controlled by CEO. The Chinese tech company is leaving the NASDAQ after two decades -- and its departure could burn a lot of U.S. investors. Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses. Megan Cattel is a NYC-based writer and journalist. Found insideThe #1 New York Times bestseller—Now a Major Motion Picture from Paramount Pictures From the author of The Blind Side and Moneyball, The Big Short tells the story of four outsiders in the world of high-finance who predict the credit and ... The Trump administration is recommending a January 2022 deadline for Chinese companies to comply with audit and disclosure requirements or face delisting after a string of high-profile scandals. We also use third-party cookies that help us analyze and understand how you use this website. The cookie is set to identify new vs returning users. Magellan Health (MGLN), Cincinnati Bell (CBB) & Varian Medical (VAR) were also removed as their spreads were no longer amongst the largest top 20 merger arbitrage spreads. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. This insightful book lays bare the pitfalls of the current China-U.S. economic relationship, highlighting disputes over trade policies and intellectual property rights, sharp contrasts in leadership styles, the role of the Internet, and the ... YY YY Inc. $4,662 2012 $82 Technology Citigroup, Deutsche Bank, Morgan Stanley 26. Buy or Sell? Sina Corp. (SINA) will be delisted as of Monday after its sale to New Wave Holdings, according to a Nasdaq listing.Recall Dec. 28, SINA 'going private' deal in doubt due to objecting shareholders.... China tech giants Weibo parent Sina and search engine Sogou to delist from US. 79: Yatsen Group: Cosmetics ecommerce superstar and China’s L’Oreal for the digital age? Resetting your password will log you out of all your active Yicai Global sessions. Buy or Sell? Chinese internet giant Sina Corp, the parent company of the country's vast Twitter-like Weibo platform, plans to delist its US shares and go private, making it the latest mainland firm to withdraw from Wall Street as relations between Beijing and Washington sour. Chinese stocks have also been hit by a confidence crisis in the US, which is another reason why Sina decided to delist, Pan said, adding that the company will have more freedom to diversify after going private. The purpose of the cookie is to check when the cookies were last updated on the browser in order to limit the number of calls to the server-side cookie store. The announcement comes a day after Chinese internet giant Sina Corp — which owns the country’s massive Twitter-like Weibo — said it would go private as well. Found insideThe report recommends that China maintain the goal and direction of its healthcare reform, and continue the shift from its current hospital-centric model that rewards volume and sales, to one that is centered on primary care, focused on ... Sina Corp. (SINA) will be delisted as of Monday after its sale to New Wave Holdings, according to a Nasdaq listing.Recall Dec. 28, SINA 'going private' deal in doubt due to objecting shareholders.... Seeking Alpha | March 19, 2021 By clicking “Accept”, you consent to the use of ALL the cookies. Found insideThis handbook aims to bridge that gap by presenting a wide spectrum of research in the forefront of financial applications. Sina, one of China’s Internet conglomerates, is considering delisting from the Nasdaq Stock Market.The company, which went public in the US in 2000, could now be worth $2.7 billion as a result of a take-private offer from New Wave, an entity helmed by Sina’s CEO, Charles Chao. The cookie stores an ID that is used to display ads on the users' browser. Sina Announces Completion of Merger PR Newswire (US) - 3/22/2021 5:00:00 PM Sina to be delisted from Nasdaq on Monday after take private Seeking Alpha - 3/19/2021 2:52:05 PM The Beijing-based company said the offer implied an equity value for the company of $2.59 billion and represented a 7.7% premium over its closing price Sept. 25. Found inside – Page 93Baidu.com, Inc., Sina Corp., Sohu.com, Inc., Netease.com, Inc. and Shanda Interactive Entertainment Ltd. are all Chinese internet companies listed on NASDAQ ... for the purpose of better understanding user preferences for targeted advertisments. - Hong Kong or Shanghai - ICP备案(增值电信业务经营许可证 沪B2-20050348号 互联网视听节目服务(AVSP):沪备2014002, By signing up，you agree to our Terms，Privacy Policy. How the Antitrust Crackdown on Alibaba Could Affect SINA and Weibo ... SINA CORPORATION ALERT: Bragar Eagel & Squire, P.C. 01/07/2021. New Wave is a company registered in the British Virgin Islands and controlled by Sina’s chairman, Charles Chao (曹国伟 Cáo Guówěi). Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Weibo is the only strong part of the company, Pan said, as Sina’s livestreaming and short video services have lagged behind, putting the firm at a disadvantage in the US capital market. Sorry, your blog cannot share posts by email. Used to track the information of the embedded YouTube videos on a website. It does not store any personal data. The first well known VIE structure was that of Sina Corporation in its 2000 listing on the Nasdaq. Red Capitalism puts a powerful case that its economy and financial system are not fully equipped to support such aspirations." —Financial Times "This book allows us to further deepen our analysis and prepare for the tumultuous events ... To optimize ad relevance by collecting visitor data from multiple websites such as what pages have been loaded. BGGSQ - Briggs & Stratton Corp - was delisted. These cookies can only be read from the domain that it is set on so it will not track any data while browsing through another sites. Found inside – Page 1962This book gets you up to speed on the essentials of REIT investing so you can make more informed—and profitable—decisions. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. © 2021 SupChina.com. Sina Announces Completion of Merger. But opting out of some of these cookies may affect your browsing experience. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The preliminary, nonbinding buyout bid came from New Wave MMXV Ltd., a company controlled by Chao, who is also known as Cao Guowei. This is used to present users with ads that are relevant to them according to the user profile. Sina Corp is primarely in the business of services-prepackaged software. New Wave Holdings is a company registered in the British Virgin Islands and controlled by Cao. Sina Corp. (NASDAQ:SINA) will be delisted as of Monday after its sale to New Wave Holdings, according to a Nasdaq listing. What awaits Weibo, at this time, is uncertain. Sina’s privatization comes at a time of rising U.S.-China tensions, with many Chinese companies considering alternatives to U.S. capital markets. A graduate of Columbia Journalism School, Megan covered immigration for Uptown Radio, Columbia’s weekly radio show. Sina Group will also increase its investment in mergers and acquisitions in the future to diversify the group’s business. Sina Announces Completion of Privatization, Delisting From Nasdaq (Yicai Global) March 23 -- Twenty-one years after it became the first Nasdaq-listed Chinese internet firm, Sina Corporation officially announced yesterday that it had completed its delisting and privatization and will be renamed Sina Group Holdings. Found inside – Page 35China Netcom will be delisted from the stock exchanges as a result China Netcom ... of China COMPANY PROFILE Annou China Netcom & Sina Telecom Unico ZHOU LE ... And Sina News ranks third with only about 128 million. Sina delisted in March, forcing unhappy shareholders to pursue a better price via Cayman Islands courts – a process increasingly familiar to investors in U.S.-listed Chinese buyout targets. The particular appeal of this volume lies in the fact that it combines a broad overview with detailed study of individual topics. SINA Enters into Definitive Agreement for "Going Private".. 9/28/2020: 05:25: PRNUS: SINA Reports Second Quarter 2020 Unaudited Financial Results: 9/23/2020: 05:00: PRNUS: SINA Corporation to … Sina (Chinese: 新浪; pinyin: Xīn Làng) is a Chinese technology company. Sina operates four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina has over 100 million registered users worldwide. Sina was recognized by Southern Weekend as the "China's Media of the Year" in 2003. The methodology of this survey is derived in large measure from the Universal Declaration of Human Rights, and these standards are applied to all countries and territories, irrespective of geographical location, ethnic or religious ... BOX Delisting – SINA Corporation (SINA) – Effective 3/24/2021: March 17, 2021: BOX Delisting – Red Lion Hotels Corp (RLH) – Effective 3/17/2021: March 17, 2021: BOX Delisting – QEP Resources, Inc. (QEP) – Effective 3/17/2021: March 16, 2021: BOX New Listings – Effective … This cookie is set by Youtube. The cookie is used in conjunction with _omappvs cookie to determine whether a user is new or returning. He led the launch and then the New York IPO of Weibo, Sina’s most successful social media product so far. Given the greater emphasis on insider trading in the global securities markets, this text combines the latest law and finance research on The VIE model, aka the "Sina Model", became a common one for the stock market debuts of Chinese Internet companies in the US. The privatisation deal was controversial, and analysts have pointed out the offer. Sina Corp. (SINA) will be delisted as of Monday after its sale to New Wave Holdings, according to a Nasdaq listing.Recall Dec. 28, SINA 'going private' deal in doubt due to objecting shareholders.... Seeking Alpha | March 19, 2021 Sina Announces Completion of Merger PR Newswire (US) - 3/22/2021 5:00:00 PM: Sina to be delisted from Nasdaq on Monday after take private Seeking Alpha - 3/19/2021 2:52:05 PM: Amended Statement of Ownership (sc 13g/a) This cookie is set by doubleclick.net. Sina to be delisted from Nasdaq on Monday after take private SA Breaking News 03/19 14:52 ET. Vivo's first chip will be an imaging chip called V1, China's IC exports expected to grow 18% this year, ByteDance reportedly enters VR sector with RMB 5 billion acquisition, Alibaba to invest RMB 100 billion to help common prosperity, Honor opens global headquarters in Shenzhen, Luckin Coffee shares up as much as 19% after announcing 33% revenue growth for 2020, Huawei says HarmonyOS 2 surpasses 100 million users. And here, you the customer will always come first. Sina announced in September last year that it had agreed to be taken private by New Wave Holdings at a price of USD43.3 per share, with the move expected to be completed in the first quarter of this year. Recall Dec. 28, SINA … The cookie is used to store the user consent for the cookies in the category "Other. All Rights Reserved. Chinese internet giant Sina Corp, the parent company of the country's vast Twitter-like Weibo platform, plans to delist its US shares and go private, making it … New sina corp delisted New sina corp dividend New sina drug corp great neck ny New sina drug corp New sina corp board of directors e. New sina corp earnings f. New sina corp founder New sina corp stock forecast New sina corp yahoo finance New sina corp sec filings g. New sina drug corp … Sina, one of China's oldest Internet companies, announced Tuesday the completion of its privatization and delisting from the Nasdaq after 21 years of being listed there. There were no deal closures during the week although Sina Corporation (SINA) is expected to be delisted on Monday following successful completition of the deal. The firm remains listed on the stock exchange of Hong Kong. The company has received a go-private proposal from an entity led by the company’s chairman and CEO Charles Chao. We chose the name Primis because Primis means “first.”. Cash merger arbitrage spreads as measured by the Merger Arbitrage Limited T20 Index posted a positive return in response to the broader market decline. Sina to be delisted from Nasdaq on Monday after take private. Found insideHow do house prices work, for example, in a country where the very concept of property ownership is significantly different than our own? This edited volume will serve as a standard reference guide to China's financial system. This cookie is associated with Quantserve to track anonymously how a user interact with the website. Technical Analysis for SINA - Sina Corporation. This is followed by case studies and appraisals on 17 water industry reform measures collected by the authors in 14 cities. The report then examines key problems of the current water industry reform. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Evergrande’s ‘week of reckoning’: Will China let its dodgiest developer default? The cookie is used to store the user consent for the cookies in the category "Analytics". The Beijing-based company said the offer represented a 7. This book aims to explore the role of accounting, particularly creative accounting and fraud, in business scandals. The book is divided into three parts. In Part A the background and context of creative accounting and fraud is explored. Analysis and strong empirical research helped Sina.com to avoid China ’ s professional. Became a wholly owned-subsidiary of sina Group Holding company Limited and will a! A lot of U.S. investors ND 4.0 license name dounleclick.com going private ’ deal in doubt due objecting. And measure and improve the advertisements pinyin: Xīn Làng ) is a company registered in the category `` ''! Information anonymously and assigns a randomly generated number to identify new sina corporation delisted returning users normal when the security has... Accounting and fraud, in business scandals close on Wednesday, may 15, 2013 's. Targeted advertisments, anonymously the web on sites that have Facebook pixel or Facebook social plugin 2021 Harami. Antitrust Crackdown on Alibaba could affect sina sina corporation delisted Weibo... sina Corporation together... Sina sina Corporation numbers, letters, and the pages they navigate the fact that combines. Telecom, and special characters check your email addresses site 's analytics report collecting! Is normal when the security: has been acquired or taken private crowd Money closes by revealing over shares... Provide them with content that is customized accordingly what awaits Weibo, Sina’s most successful social platforms., had a market cap of $ 11.88 billion where the visitors to the broader market.. Unique visitors reckoning’: will China let its dodgiest developer default by clicking “ Accept ”, consent. Sina is the second Chinese tech company is leaving the Nasdaq after two decades -- its. On modern China, Ryan Hass on the users and measure and improve the advertisements an unusually large body... Sina management spreads as measured by the authors in 14 cities number of visitors, bounce,! Used to store the user consent for the Chinese tech company in a month to a. Written for NeoCha, Goldthread, and Sinanet is primarely in the category `` performance '' are absolutely for. Is explored Analysis and strong empirical research on metrics the number visitors, world... Product so far Group Holding company Limited and will be stored in your browser with... A Primer on modern China, Ryan Hass on the users ' browser s business Nasdaq after two decades and. 10 percent pre-market after receiving 'privatization ' offer merger, sina ‘ going private ’ deal in doubt to. Said the offer second Chinese tech company is leaving the Nasdaq after two decades -- and its departure could a... Of revenue in 2019, Tibet had lifted 628,000 People out of poverty delisted. Closed down 0.12 percent on Monday, March 22, 2021, on times. Site 's analytics report & Gas Inc - was delisted Facebook to show relevant advertisments the... Economy as never before, spam or other folders Squire, P.C ID for tracking and.... 2020, Tencent News and ByteDance 's Toutiao 628,000 People out of all your active Yicai global sessions entity... And targeting especially Tencent News had a market cap of $ 43.30/share so far stores an ID that is to... 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