BEIJING, Dec. 18, 2017 /PRNewswire/ -- SINA Corporation ("SINA" or the "Company")
(NASDAQ: SINA), a leading online media company serving China and the global Chinese communities,
today announced that its board of directors has appointed Mr. James
Jianzhang Liang, Chairman of the Board of Directors of Ctrip.com
International, Ltd. ("Ctrip") (Nasdaq: CTRP), as an independent
director of SINA.
Mr. Liang co-founded Ctrip, a leading travel service provider in
China. He has been Ctrip's
Chairman since August 2003. Mr. Liang
served as Ctrip's chief executive officer from 2000 to January 2006, and from March 2013 to November 2016. Under his
leadership, Ctrip has successfully transitioned from offline to
online and from online to mobile, made strategic investments in key
industry players, and cultivated and invested in new business
initiatives. Mr. Liang has won many accolades for his
contributions to the Chinese travel industry, including Best CEO in
the Internet category in the 2016 All-Asia Executive Team Rankings
by Institutional Investor and 2015 China's Business Leader of the
Year by Forbes. Prior to founding Ctrip, Mr. Liang held a number of
technical and managerial positions with Oracle Corporation from
1991 to 1999 in the United States
and China, including the head of
the ERP consulting division of Oracle China from 1997 to 1999. Mr.
Liang received his Ph.D. degree from Stanford
University and his Master's and Bachelor's degrees from
Georgia Institute of Technology. He
also attended an undergraduate program at Fudan University.
"We are excited about James' joining our board as an independent
director," said Mr. Charles Chao,
Chairman and CEO of SINA. "James has extensive experience with
business operations and innovations in China's fast evolving internet industry and
strong technology background. We hope to benefit from James'
experience and vision in our business evolution."
Mr. James Jianzhang Liang commented, "I am very pleased to join
the board of directors of SINA. I look forward to building on the
success that the Company has achieved and to working with the board
and management toward the next stage of development and
growth."
About SINA
We are an online media company serving China and the global Chinese communities. Our
digital media network of SINA.com (portal), SINA.cn (mobile
portal), SINA Mobile Apps and Weibo.com (social media) enable
Internet users to access professional media and user generated
content in multi-media formats from the web and mobile devices and
share their interests to friends and acquaintances.
SINA.com offers distinct and targeted professional content on
each of its region-specific websites and a full range of
complementary offerings. SINA.cn and SINA Mobile Apps provide news
information, professional and entertainment content from SINA.com
customized for mobile users in WAP (mobile browser) and mobile
application format. Weibo is a leading social media platform for
people to create, distribute and discover Chinese-language content.
Based on an open platform architecture, Weibo allows users to
create and post feeds and attach multi-media content, as well as
access a wide range of organically and third-party developed
applications, such as online games.
Through these properties and other product lines, we offer an
array of online media and social media services to our users to
create a rich canvas for businesses and advertisers to effectively
connect and engage with their targeted audiences.
Safe Harbor Statement
This communication contains forward-looking statements that
relate to, among other things, SINA's expected performance and
SINA's strategic and operational plans. SINA may also make
forward-looking statements in the Company's periodic reports to the
U.S. Securities and Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the Company's beliefs and
expectations, are forward-looking statements. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"confidence," "estimates" and similar statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially
from those contained in any forward-looking statement. Potential
risks and uncertainties include, but are not limited to, failure to
meet internal or external expectations of future performance given
the rapidly evolving markets; condition of the global financial and
credit market; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly
operating results; the Company's reliance on online advertising
sales and value-added services for a majority of its revenues;
failure to successfully develop, introduce, drive adoption of or
monetize new features and products; failure to enter and develop
the small and medium enterprise market by the Company or through
cooperation with other parties; failure to successfully integrate
acquired businesses; risks associated with the Company's
investments, including equity pick-up and impairment; and failure
to compete successfully against new entrants and established
industry competitors. Further information regarding these and other
risks is included in SINA's annual report on Form 20-F for the year
ended December 31, 2016 and its other
filings with the SEC. Past performance is not necessarily
indicative of future results. Given these uncertainties, you should
not place undue reliance on these forward-looking statements. The
information in this communication is provided only as of the date
hereof, and SINA assumes no obligation to update its
forward-looking statements in this communication or elsewhere,
except as required by law.
Contacts
Investor Relations
SINA Corporation
Phone: 8610-5898 3336
Email: ir@staff.SINA.com.cn
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SOURCE SINA Corporation