A5 webmaster network (www.admin5.com) February 25th news, today, most of the news to hear Sina micro-blog to achieve the first profit, raise $500 million of funds, the listing is expected to be completed in the second quarter of this year.
Sina today released its fourth quarter and full year unaudited financial report for the year ended December 31, 2013. The report shows, the company for the quarter net revenue of $197 million, an increase of 42%; net profit of $44 million 500 thousand, $2 million 400 thousand for the same period last year, year-on-year growth; diluted net earnings per share of $0.59, $0.03 for the same period last year. Sina’s net profit growth was mainly due to micro-blog advertising and value-added services in the fourth quarter achieved greater growth in the fourth quarter of 2013, micro-blog advertising revenue grew by $56 million to $163%. In April 29th this year, Alibaba, through its wholly owned subsidiary, to $586 million acquisition of sina micro-blog issued preferred shares and ordinary shares, accounting for about 18% of the total diluted diluted shares of micro-blog. Since the third quarter, sina net profit of $25 million 400 thousand, an increase of 157%.
previously, Cao Guowei and other Sina executives have said that micro-blog will be listed after the profit, the current premise has been. At present, Sina has hired Goldman Sachs and Credit Suisse to help them prepare for the listing of micro-blog business. In this regard, Sina responded that all the announcement shall prevail.
for Sina micro-blog spin off, the Internet senior commentators Hong Bo believes that sina micro-blog listed for the largest shareholder Ali and Sina, will not have a big impact. Ali’s investment in Sina micro-blog is not a financial investment, but the development of the industry to help Ali and strategic investment. Sina micro-blog listed or not, and Ali has no direct relationship. If Ali is not optimistic about Sina micro-blog, the listing can help sell it better. For Sina, Sina micro-blog listed to help Sina earn some money, but the long-term value is limited.
listing not only means that micro-blog has entered a new stage of development, the original Sina portal business will form a push. Although the overall valuation of sina, micro-blog occupy the majority share, but still sina.com.cn is the only stable profit portal, a long time for the development of micro-blog Everfount injected a large amount of blood. Micro-blog spin off, sina will get more abundant cash flow, it will also have more energy and resources to promote the transformation of the portal, Sina has been in the video portal layout, news client and other fields, is expected to achieve more breakthroughs in vertical development.
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