/image%2F0489110%2F201303%2Fob_911f1ccd1b8a27f8ec533f98c8b2a420_barbantini.jpeg)
RT @TechCrunch: Sina Narrows Its 1Q Loss As It Counts On Weibo-Alibaba Deal To Bolster Ad Revenue http://t.co/HYJ0z0sa7h by @catherineshu
May 17, 2013
Advertising
/http%3A%2F%2Ftctechcrunch2011.files.wordpress.com%2F2013%2F02%2Fsinalogo.jpeg%3Fw%3D300)
Sina Narrows Its 1Q Loss As It Counts On Weibo-Alibaba Deal To Bolster Ad Revenue
Despite rising costs and increasing competition from rivals like Tencent, Chinese Internet giant Sina narrowed its first-quarter net loss to $13.2 million from $13.7 million a year earlier, the company reported today. Sina's net revenue increased 19 percent year-over-year to $126 million, strengthened by stronger-than-expected non-advertising revenue.