Chinese internet company Sina Corp. on Monday raised its revenue projection for the year following stronger-than-expected second-quarter results, bolstered by continued strength at microblog portal Weibo Corp. The Shanghai-based company now projects annual revenue, excluding about $10.4 million in deferred license revenue from E-House (China) Holdings Ltd., of $950 million to $1 billion, compared with its earlier view of $850 million...

Source: Wall Street Journal August 08, 2016 22:07 UTC