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Sina's First Quarter Beats The Street

  • Reuters, Wednesday, May 16, 2012 7:16 AM

Sina Corp's quarterly results beat Wall Street's targets thanks to a 9% increase in ad revenue, nudging shares up 10%. China's largest Internet portal and media Web site, which has struggled with a soft online advertising market and increased spending on its Twitter-like microblogging service Weibo, saw brand advertising revenue jump to $78.5 million from $72.3 million a year earlier.

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