Sina banks on Wiebo, spooks investors

Nov 16 2012, 17:32 IST
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SummaryChinese Internet company Sina Corp said its fourth quarter will be hit by a softer economy.

he expected the impact to last into the fourth quarter.

It did have an impact on our third quarter as well as our fourth quarter. We did see cancellations from customers related to Japanese automobiles in the month of September and it impacted the fourth quarter (too), Chao said.

Sina shares fell 6.74 percent to $49.52 in extended trading. They closed at $53.10 on the Nasdaq on Thursday.

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