Sina embroiled in proxy fight as US investor pushes for change
Aristeia Capital is lobbying shareholders to back its two candidates for the company's board in a bid to shake up its business
Hong Kong
THE Chinese Internet boom has been good to Sina. Maybe, protests one of its US investors, it could have been better.
The New York-traded shares of Sina, whose Weibo service is one of China's most popular social media platforms, have been on a tear. They have been lifted by the same surge that has put Chinese companies such as the Alibaba Group and Tencent Holdings among the ranks of Amazon and Facebook in terms of stock market value.
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