Sina Drops as Deutsche Bank Cuts Recommendation on Web OutlookBy and
Stock cut to hold from buy on web business transition issues
Full privatization shouldn’t be expected despite cash balance
Sina Corp. dropped to the lowest level since May in New York trading after Deutsche Bank AG downgraded its rating on the stock to hold on concern the Chinese Internet company’s web portal business will be hurt as advertisers shift to mobile platforms.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.