Sina Corp., an operator of Chinese language Web sites, said Friday it has completed the sale of 5.6 million shares for $180 million to a Virgin Islands holding company.

Sina Corp, China's largest Web portal, posted a decline in quarterly sales and profit but beat Wall Street estimates as a recovering economy boosted consumer spending and advertising
sentiment.

SAN FRANCISCO (Reuters) - Sina Corp <SINA.O>, China's largest Web portal, posted a decline in quarterly sales and profit but beat Wall Street estimates as a recovering economy boosted consumer spending and advertising sentiment.

Seven of 10 fund managers are betting that China and other emerging markets will lead the global economic recovery, according to a Merrill Lynch fund manager survey, and that could mean better investing opportunities abroad.