Sina losses double on IPO charge

Published May 22, 2014 6:23am ET



HONG KONG (AP) — Chinese Internet portal Sina says first-quarter losses more than doubled as it booked a $40 million charge stemming from the stock listing of its Weibo microblog unit.

Sina Corp. said late Wednesday that it lost $33.2 million in the January-March period, up from $13.2 million a year earlier.

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