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12:53 EDT SINA receives support from Chinese governement says T.H. Capital
T.H. Capital said China Central Television aired a news conference held by
China’s central government stating its full support of SINA’s Weibo. They
believe this is very positive for SINA Weibo’s position in China’s social
media landscape as well as solidifying its potential for commercial
opportunities. The government’s support reaffirms SINA’s position and
largely eliminates political risk, as there was fear among investors over
China’s crackdown on rumors bring spread on the web that could potentially
prompt increased regulation of social media and in particular, Weibo. T.H.
Capital believe this also paves the foundation for continued growth of SINA
’s Weibo platform.
12:53 EDT SINA receives support from Chinese governement says T.H. Capital
T.H. Capital said China Central Television aired a news conference held by
China’s central government stating its full support of SINA’s Weibo. They
believe this is very positive for SINA Weibo’s position in China’s social
media landscape as well as solidifying its potential for commercial
opportunities. The government’s support reaffirms SINA’s position and
largely eliminates political risk, as there was fear among investors over
China’s crackdown on rumors bring spread on the web that could potentially
prompt increased regulation of social media and in particular, Weibo. T.H.
Capital believe this also paves the foundation for continued growth of SINA
’s Weibo platform.