Sina released Q3 earnings today. I listened to the conference call and tweeted what I found interesting. For convenience I have appended those tweets below, latest at the top:

surprised no ?s on sina call about possible weibo spinout $sina

“@hblodget: @niubi Twitter says 50mm, Facebook 350mm (I think)” active daily users.// vs $sina weibo 25m

how many daily active users does twitter or facebook have? $sina

chao: daily active users around 10% of registered user base, so 25m a day on $sina weibo now

the core sina $sina weibo userbase is not the high value game audience.

gs analyst asks about $sina weibo gaming progress. ceo response basically just starting. sina has failed repeatedly over yrs at gaming

@KerLoon sina weibo is not Facebook of china and never will be. but i know, that is the key assumption behind the hype

wallace cheung asks fairly tough question re reviewing $sina investment strategy given write-offs.

don’t get me wrong, $sina weibo is amazing, just think it is overvalued

@KerLoon yes, sina is weibo advertising play. tencent is the weibo micropayment+advertising play. $sina weibo bigger, tencent may make > $s

but of course $sina et al don’t want real name registration, as people would see how inflated the user numbers r by spam.zombies etc

chao “will be very hard to implement real name system in china”..well, baidu did it with shouba. if govt says do it it can be done $sina

sina weibo has 300,000 verified users (V). I’m 1, until they kick me off $sina. that is real name system, but tiny. 800k daren verified

RT @bondtrader83 Unless I am misunderstanding recent trends, which I could be, I see compelling reasons to be bearish on $SINA after this release…

@KerLoon though tried repeatedy w gaming. user bases are very different

@KerLoon tencent users conditioned over years to engage in micro transactions. sina user base not, sina has never cracked that model

looking forward to the sell side reports on $sina after this call

RT @Maoxian @Nemo_incognito @niubi No way, I don’t know a single educated, urban young Chinese person who isn’t on Weibo… it’s massive.

“weibo is more like social media platform at this point..” tencent will monetize weibo much better. investors misunderstand usage here $sina

charles chao on advertising “overall the sentiment is good not great” not expecting significant ad increases by their clients $sina

cctv 2012 auction yesterday was a home run. no crisis of confidence among big chinese firms $china

$sina put $50m into a yunfeng fund 2 buy alibaba shares. so sina a tiny of shareholder of alibaba now $yhoo

RT “@Nemo_incognito: @niubi MySpace of china IMHO” $sina ? you really think that bad?

$sina has 742m in cash, down $140m since 12.31.10, due 2 $tudo & $mcox deals. tudou write-off coming by q2 12 i bet, down 1/3 2 date

$sina gross margins dropping across the board.but buy the hype baby, fundamentals don’t matter when u have twitter/facebook of china, right?

$sina video ad revenues grew 125% y/y..probably good for $yoku and $tudo?

“monetization still not priority, working on advertising system, commerce system” $sina tech team up 2 par w Facebook, baidu, google’s? no

20,000 3rd party apps on $sina weibo at end of october, 200,000 more in pipeline

86m messages per day on sina weibo at end of sept $sina–earnings call. growth slowing, blames anti spam measures, summer vacation

You can follow me @Bill on Stocktwits, @Niubi on Twitter and @Billbishop on Sina Weibo.