Charles Chao, chief executive of Chinese portal service Sina, told analysts in the conference call following its Q3 financial results that the company would consider acquiring into other areas – especially mobile Internet. According to the company’s latest results, its net revenue increased 21% year-over-year to US$ 184.6 million while net income grew by a whopping 157% year-over-year to 25.4 million.

The numbers all look good but there’s always more than meets the eye. The fact behind the rosy financial statement, is that Sina’s non-ad revenue increased only 4% year-over-year, the company itself must have recognized the imperative to look into opportunities in other areas in addition to ad sales, which is declining on desktop-side.

Charles revealed that since the company does “have quite a bit of cash reserves”, they’re looking to acquire in different areas, such as mobile internet and new media areas. Sina is actively looking to see if they can achieve business growth over the long term by such expansion.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.