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.
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