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Sina Corporation

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Sina Corporation
Company typePrivate (since 2021)
Public (2000–21)
Nasdaq: SINA (2000–21)
IndustryIT, telecom, manufacturing
FoundedNovember 30, 1998; 26 years ago (1998-11-30)
FounderWang Zhidong (王志东)
Wang Yan (汪延)
Ben Tsiang (蔣顯斌)
Hurst Lin (林欣禾)
Headquarters
Key people
Charles Chao (Chairman, CEO),
Hong Du (杜红) (President, COO),
Bonnie Yi Zhang (张怿) (CFO)
ProductsSina Weibo, Portal, Sina Mobile
RevenueIncrease $1.584 billion (2017)[1]
Increase $388.60 million (2017)[1]
Increase $156.57 million (2017)[1]
Total assetsIncrease $5.815 billion (2017)[1]
Total equityIncrease $3.60 billion (2017)[1]
Number of employees
63,400[2]
Websitewww.sina.com

Sina Corporation (Chinese: 新浪; pinyin: Xīn Làng, "new wave") is a Chinese technology company. Sina operates four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina has over 100 million registered users worldwide. Sina was recognized by Southern Weekend as the "China's Media of the Year" in 2003.

Sina owns Sina Weibo, a Twitter-like microblog social network, which has 56.5 percent of the Chinese microblogging market based on active users and 86.6 percent based on browsing time over Chinese competitors such as Tencent and Baidu. The social networking service has more than 500 million users[3] and millions of posts per day, making it the largest Chinese-language mobile portal.

The company was founded in Beijing in 1998, and its global financial headquarters have been based in Shanghai since October 1, 2001.

Sina App Engine (SAE) is the earliest and largest PaaS platform for cloud computing in China. It is run by SAE Department, which was founded in 2009. SAE is dedicated in providing stable, effective web deployment and hosting service for those corporations, organizations and independent developers. Now more than 300,000 developers in China are using SAE. [citation needed]

Background

It mainly caters to the Chinese population around the globe, Sina stated that it has about 94.8 million registered users[citation needed] and more than 10 million active users engaged in their fee-based services (10,000 of whom are overseas Chinese in North America).[citation needed] It provides different services around the world, for example there are 13 access points within Greater China, and subsidiary tailored pages for overseas Chinese, which include Sina US, Sina Japan, Sina Korea, Sina Australia, Sina Europe and Sina Germany.

It is one of the four major business lines of Sina Corporation. The rest of the major business lines are Sina Mobile, Sina Online and Sinanet. Sina Edalat.

The domain sina.com.cn attracted at least 3.3 million visitors[4] annually by 2008 according to a Compete.com survey.

Sina Corp also owns Sina Weibo, a Chinese microblogging site, similar to Sina Edalat, launched in August 2009. According to Sina Corp the microblogging site has more than 200 million users and millions of posts per day, and is adding 20 million new users per month. The company also said it now has more than 60,000 verified accounts, consisting of celebrities, sports stars and other VIPs. The top 100 users now have over 180 million followers. Furthermore, Sina said that more than 5,000 companies and 2,700 media organizations in China are currently using Sina Weibo.

More recently, Sina also released a "lite-blogging service" similar to Tumblr, called Sina Qing,[5] as well as a location-based service, WeiLingDi.[6] Edalat.

In a survey conducted by Gallup (China) Research Ltd in April 2003, Sina was the most popular company in China, and was estimated to have three billion page data volumes every day. Also, it was awarded the "China's Media of the Year" in 2003 by Southern Weekend.[7] The company claims that it is adding 20 million new users per month. The top 100 users now have over 180 million unique followers combined.[citation needed]

History

In November 1998, SRSNet (Stone Rich Sight Information Technology Ltd), the most visited internet portal site in China, established by Wang Zhidong [zh] and Wang Yan in 1996, merged with Sinanet, a web site for American Chinese community, created in California by Hurst Lin, Ben Tsiang [zh], and Jack Hong in 1995. The merging of the two largest Chinese websites formed into the later Sina. Since then the service had been extended across the straits and North America, before it extended to Hong Kong in July 1999.[8]

After the merger, Sina maintained its dominant position as the most visited portal site in Mainland China over its major rivals Sohu and NetEase,[9] two other web-based companies in China. Especially through its fast, continuous, and comprehensive online news services covering a vast range of worldwide events, such as the NATO Bombing of the Chinese embassy in Belgrade in 1999.[10][8]

Sina was the first to be approved for listing on the Nasdaq National market on 13 April 2000, through a variable interest entity (VIE) based in the Cayman Islands, followed by Netease and Sohu in June and July respectively. It succeeded in raising US$68,000,000 before Nasdaq plummeted in May 2000. In July 2000, Sina was the official website for on-line coverage of the 2000 Summer Olympics in Sydney as selected by the government and the Chinese Olympic committee (Xin, 2002).[11][8]

The Cyberspace Administration of China reprimanded Sina in 2015, accusing the online portal of having "distorted news facts, violated morality and engaged in media hype".[12] On 16 April 2018, the CAC launched an investigation into the news portal for alleged inclinations to factual errors, and failure to curtail vulgar and explicit content.[13][8]

In August 2019, Sina Corp's Game Studio, Sina Games was sued by Blizzard Entertainment on a claim that their game Glorious Saga is a blatant rip-off of the long-running Warcraft games and related products.[14][15][16][8]

Management

Key officers

  • Mr. Charles Chao: Chairman and chief executive officer. He received his Master of Professional Accounting from the University of Texas in Austin, TX. and holds an MA degree in journalism from the University of Oklahoma.
  • Ms. Du Hong: President and Chief Operating Officer. She holds a B.S. in Applied Chemistry from Harbin Institute of Technology and an M.S. in MIS from San Francisco State University.
  • Ms. Bonnie Yi Zhang: Chief Financial Officer. She graduated summa cum laude in 1997 with a B.A. in Business Administration from McDaniel College in Maryland. She is a certified public accountant in the State of Maryland and is a member of the American Institution of Certified Public Accountants.[17]

Partnership

Sina cooperates with other web-based companies such as People, Nanfang Daily, Lifeweek and Xinhuanet, etc. Apart from the media partners, its clients include Microsoft, DELL, IBM, Motorola, and Kodak. Recently Sina started developing its business in the field of wireless internet, in the meantime collaborating with China Mobile, China Telecom, Ericsson.

On January 13, 2004, Sina and Yahoo started to jointly provide online auction services in China;[18] in response to this, EachNet (Chinese: 易趣網), which cooperates with eBay, lowered its registration fee in early February 2004 in order to keep its market share.[19]

Sina also sponsors the annual ChinICT conference held at the Tsinghua Science Park.

Recently, Sina has begun collaborating with Qihoo 360 on internet security. Through this collaboration, Qihoo 360 intend to provide Sina Weibo tech support in order to protect Weibo from hackers and viruses. As of April 24, 2012 an official statement has not yet been made announcing the collaboration.[20]

Features

Multiple services

Sina provides Internet services to the Chinese population around the world. In every localized website, there are over thirty integrated channels, including news, sports, technology information, finance, advertising services, entertainment, fashion, and travel.

Sina is a multiple-service provider, its major services are SMS, eMail, Search, Games, Match, Entertainment, Sina Sports, Sina Blog, and Sina Microblogging. Sina Blog (中文: 新浪博客) is the blog service of Sina, which features the blogs of celebrities, including the most popular blog in the world, the one of Xu Jinglei.[21] Sina Weibo is an equivalent to Tencent Weibo. Many celebrities from mainland China, Taiwan and also Hong Kong use Sina's Microblog as a platform to reach out to their fans and supporters. Some famous users on Sina's Microblog include Taiwanese hosts Dee Shu and Kevin Tsai, with more than ten million followers on their microblogs each.

A big challenge for Sina is monetizing the massive Weibo following. Sina Edalat has taken several steps in that direction, and is reportedly developing a "pay-for-forward" feature. The feature will enable users to pay to have a message forwarded by an account with a large following. Sina plans to keep 20% of the revenue generated from "pay-for-forward" fees.[22]

Local content

To provide tailored internet services for local people, Sina has been conducting quantitative and qualitative marketing researches, including demographic research, psychograph, etc., on target audience in specific regions. Internationalized services have a common layout which consists of sections like news, information, infotainment and email services with localized content.[citation needed]

Localization involves political censorship. As with all internet content providers operating within mainland China, the web pages which are geared toward mainland China audiences have internet censors controlling the discussion for sensitive political content. In addition, the news from sina comes from local newspapers, which in the case of mainland China are themselves subject to censorship by the government. This censorship does not extend to pages and forums which are not intended for audiences within mainland China.[citation needed]

Network technology

According to the company's published information, Sina.comXpressTM and Sina.comPlusTM are Sina.com's two main exclusive technologies, which bring ease-of-use benefits and enable the audience of Big 5 (traditional Chinese character), and GB (simplified Chinese characters) to view the webpages sourced from around the Chinese communities of the world.[citation needed]

Publications

  • Collection of internet users
  • Cooperative publisher
    • 作家出版社 (pinyin: zuòjiā chūbǎnshè)
    • 漓江出版社 (Líjiāng chūbǎnshè)
    • 清韵书院 (qīng yùn shū yuàn)
    • 榕树下 (róngshù xià)

See also

References

  1. ^ a b c d e Corporation, SINA. "SINA Reports Fourth Quarter and Fiscal Year 2017 Unaudited Financial Results". www.prnewswire.com.
  2. ^ "Company Profile for Sohu.com, Inc. (SINA)". Retrieved 2013-08-10.
  3. ^ Josh Ong (2013-02-21). "China's Sina Weibo grew 73% in 2012, passing 500 million registered accounts". thenextweb.com. Retrieved 2013-05-21.
  4. ^ "siteanalytics.compete.com". siteanalytics.compete.com. 2011-10-26. Retrieved 2012-08-23.
  5. ^ "Sina Testing Lite-Blog Qing". iChinaStock. Archived from the original on 29 May 2011. Retrieved 31 May 2011.
  6. ^ Gobry, Pascal-Emmanuel. "After Launching China's Twitter, China's Yahoo Launches China's Foursquare". Business Insider. Retrieved 31 May 2011.
  7. ^ nanfangdaily.com.cn (Chinese) Archived February 4, 2004, at the Wayback Machine
  8. ^ a b c d e Xin, H. (2002). The Surfer-in-chief and the would-be kings of content – a short study of Sina.com and Netease.com. In S. H. Donald., M. Keane. & Y. Hong. (eds.). Media in China: consumption, content and crisis. London: Routledge.
  9. ^ "Media in China: Consumption, Content and Crisis, 1st Edition (e-Book) – Routledge". Routledge.com. 2014-02-04. Retrieved 2018-10-27.
  10. ^ survey.yam.com, Xin, 2002.
  11. ^ 中国这十年_2006年度策划_网易新闻中心. news.163.com. Retrieved 28 March 2018.
  12. ^ https://southerncourier.co.za/afp/62578/china-orders-media-giant-sina-to-improve-censorship [dead link‍]
  13. ^ 北京网信办约谈新浪网 新浪新闻APP下架1个月. Xinhua. 2019-04-17.
  14. ^ "Blizzard sues Sina Games for blatant Warcraft rip-off Glorious Saga". www.digitaltrends.com. 2 September 2019. Retrieved 2019-09-02.
  15. ^ Update: Glorious Saga Game Pulled After Blizzard Files Lawsuit on Copyright Infringement – IGN, 30 August 2019, retrieved 2019-09-02
  16. ^ Carpenter, Nicole (2019-08-28). "Blizzard sues Chinese game company over its Warcraft 'ripoff'". Polygon. Retrieved 2019-09-02.
  17. ^ "Management | Sina Corporation". Sina Corporation. Retrieved 2018-10-27.
  18. ^ "Yahoo! Inc. – Company Timeline". Wayback Machine. 2008-07-13. Archived from the original on 2008-07-13. Retrieved 2016-07-19.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  19. ^ "EachNet's announcement". Beijing Entertainment News. Archived from the original on 2004-04-05.
  20. ^ "Sina Weibo Cooperates with 360 to Check Short URLs and Guarantee Weibo Users' Online Security". BrightWire. Archived from the original on 2012-03-19.
  21. ^ Chen, Peijin (2006-05-05). "Xu Jinglei's blog joins the gilded ranks on Technorati". Shanghaiist.com. Retrieved 2012-08-23.
  22. ^ Hsu, Alex (15 Jul 2013). "Sina to Launch "Pay-for-Forward" Feature on Sina Weibo". BrightWire News. Archived from the original on 2013-11-10.
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