Chinese internet portal Sina and the popular microblog Weibo are not for sale, at least for now, Sina boss Charles Chao told CNBC.
Speaking exclusively to CNBC on the sidelines of the China Entrepreneur Club's annual summit in Jinan at the weekend, Chao, Sina's chairman and chief executive, said that a sale was not something he had considered.
"Given the two parts of the business, one is slow and one is growing very fast, we'll seek the capital markets transaction if there is a good fit but right now, we don't have any plans to do that," he said.
Like English-language counterpart Yahoo, Sina is struggling to expand its traditional website business as the exponential growth in social media sends more traffic to Twitter-like Weibo. Sina remained a majority shareholder after the microblog listed in the U.S. last year.