China Web Space Ignites

According to “Investors were looking at big profits in Chinese Internet stocks Wednesday after Sina (SINA:Nasdaq) reported a blowout third quarter after the bell. The aggressively traded Web portal said first-quarter earnings rose 24% from a year ago to $14.5 million, or 27 cents a share, on a 65% revenue increase to $52.5 million. ” The full story is here.

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