Sina Continues Solid Growth as More Ad Budgets Shift to Weibo; Increasing FVE to USD 88
Sina reported solid top-line growth in the third quarter thanks to its Weibo stake's strong results. Net revenue increased 21.5% year over year versus 13.9% in the same quarter last year and 14.2% in the second quarter, partly due to the Rio Olympic Games, which stimulated advertising revenue at both Weibo and the Sina portal (including the Sina news app). The bottom line was boosted by improving margins and one-off gain on sales of the company's stake in Today’s News App. We are raising our fai...Sina is an online media company serving China and the global Chinese communities. Co.'s digital media network includes SINA.com (It offers professional content on each of its region specific websites), SINA.com (It provides information and entertainment content from SINA portal customized for WAP users) and Weibo (It is a form of social media, featuring microblogging services and social networking services that allow users to connect and share information). Co. offers an array of services including mobile value added services, online video, music streaming, online games, photo sharing, blog, email, classified listings, fee-based services, e-commerce and enterprise services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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