Sina Telling Investors There Will Be No Fees To Verify Real Names

  • Posted by
  • on January 10th, 2012

Sina ($SINA) has been telling Wall Street analysts and some investors that there will be no charges to verify real names on Weibo, in contrast to the report in the Chinese press last week that the company may have to pay 2 RMB per verified user.

This information was in the market before the market opened Monday, and while it is good news Sina shares still dropped.

Perhaps there are other issues that are making investors nervous about Sina.

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

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