Sina was founded in November 1998; in April 2000, Sina successfully listed on NASDAQ with a price of 17 US dollars, which was the first batch of Chinese Internet companies to be listed. In 2011, the company soared to $147 due to the rise of microblogging. On Thursday, its shares closed at $36.67, with a total market value of about $2.4 billion.
In 2019, Sinas annual net revenue is $1.77 billion, including $1.53 billion in advertising and marketing, and $240 million in microblog value-added services. The annual net profit is about 500 million US dollars.
On May 20, the US Senate passed the foreign company Accountability Act, requiring foreign companies listed in the United States to strengthen compliance with the countrys regulatory standards. The senators made it clear that the bill was mainly aimed at Chinese companies listed in the United States. At this time, China capital stock is facing a return tide, and many enterprises have chosen to list in Hong Kong or China.
Source: Wang Fengzhi, editor in charge of Netease science and Technology Report_ NT2541