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China's largest Internet portal reports loss in Q1

  • Sina Corp, China’s largest Internet portal and media website, has reported a loss in the first three months of the year.

    The company’s first quarter net loss stood at $13.7 million, compared to a profit of $15 million in the same period last year.

    Although advertising revenue rose by 9 percent, rising costs on its Twitter-like microblogging site Weibo, wiped out any potential gains. 

     

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