SINA Trading up 10% on Strength in Chinese Stocks
Shares of SINA Corp. (NASDAQ: SINA) are trading up nearly 10 percent on Monday after a string of strong earnings from Chinese web companies, including Changyou.com (NASDAQ: CYOU), Youku (NASDAQ: YOKU) and Sohu.com (NASDAQ: SOHU). The stock has been trending higher throughout the trading session and is sitting close to new intra-day highs.
SINA Corporation is an online media company serving China and the global Chinese communities. The company's digital media network of SINA.com (portal), SINA.cn (mobile portal) and Weibo.com (social media), enable Internet users to access professional media and user generated content (UGC) in multi-media formats from the Web and mobile devices and share their interests to friends and acquaintances.
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