|Bid||110.52 x 300|
|Ask||112.00 x 100|
|Day's Range||110.16 - 113.65|
|52 Week Range||60.46 - 119.20|
|PE Ratio (TTM)||36.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Oct.04 -- Sina Corp. hit back against one of its largest investors after it claimed the company, which controls the Chinese Twitter-like service Weibo Corp., is mismanaged and undervalued. Bloomberg's Robert Fenner reports on "Bloomberg Markets."
Outside investment in China's Sina highlights the "tremendous" potential value, says Ryan Roberts, senior research analyst, MCM Partners
Sina has jumped 108%, partly due to its controlling stake in Weibo and speculation that Aristeia Capital could win a proxy fight.
Five MoneyShow.com contributors who follow technology stocks in China share ideas for long-term investors who are interested in the momentum of internet and social media stocks amid the volatility and risk of industries regulated by the Chinese government.
Aristeia Capital said it believes Sina Corp., which controls the Chinese Twitter-like service Weibo Corp., could fetch as much as $190 a share in a sale, a 67 percent premium to its current price.
You can have Twitter Inc. (NASDAQ:TWTR), all 280 characters of it. Here at InvestorPlace, we prefer Weibo Corp. (NASDAQ:WB), now rapidly becoming the Chinese version of Facebook Inc. (NASDAQ:FB).Source: Shutterstock
WB is often described as the Chinese Twitter Inc (NASDAQ:TWTR). Weibo is Chinese and actually translates as “micro-blog,” so you can understand how it got its initial comparison. It was started by Chinese web service SINA Corp (NASDAQ:SINA) as a micro-blogging site like Twitter, with a 140-character limit.
The proliferation of social media is one of the biggest societal trends in recent years, but you've probably never heard of a few of the world's largest.
If Trump were President of China, and Twitter Inc (NYSE:TWTR) was Weibo Corp (ADR) (NASDAQ:WB), I might consider a position in WB stock. Should the protesting athletes try this in China, the results would not be favorable for them. Herein lies my primary problem with WB stock.
BEIJING (AP) — The encrypted messaging service WhatsApp suffered intermittent disruptions in China on Tuesday as communist authorities tightened censorship ahead of a major ruling party meeting.
Social media operator Weibo Corp (ADR) (NASDAQ:WB) is often called the Twitter Inc (NYSE:TWTR) of China. Weibo stock, on the other hand, has posted a blistering return of 112% during the same period. Consider too that its market cap is roughly $23 billion, which is $10 billion higher than TWTR’s.
Weibo Corp (ADR) (NASDAQ:WB) is a 10-bagger. If you bought when WB stock fell to $10 in 2015, you’ve now made 10 times your investment. Most of us didn’t get in on Weibo stock at the ground floor, though, so the question is: Is there still opportunity in WB stock today?
Sina Corp. is being pushed by an investor to consider selling a prized asset or buy back stock in a rare instance of investor activism involving a major Chinese corporation.