Sina Corp. said on Monday it had received a preliminary non-binding go-private offer of $41 per share in cash from New Wave MMXV Limited.
Sina Weibo suspends its rankings of top searches and hot topics.
Just as followers begin to download Weibo’s new app Oasis, the app’s logo has apparently been plagiarized.
Sina Weibo, famous for China’s Twitter-like microblogging platform, recently introduced a new social media platform dubbed Oasis.
SINA Corporation, the company backing China’s popular microblogging service Weibo, reported its second quarter earnings results. Net revenue for the quarter was $533.1 million, beating expectations by $10.9 million despite a decline of 1% compared to the same period last year.