I had a long position going into Sina earnings on February 22 but decided to cash in for a return of 2.5x the investment ahead of the report that night. Looming very large is the trade and tariff issue that President Trump has raised with our trading partners including China. At present, Chinese exports to the U.S. dwarf U.S exports to China (roughly $165 billion in 2016) by a factor of 4. Even at currently depressed levels, Sina's 55% stake in Weibo is worth $6 billion. Sina itself is currently valued at $4.9 billion.

Source: Forbes March 05, 2017 12:41 UTC