By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Sina Corp Dump USA
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Stocks > US Stocks > Sina Corp Dump USA
Politics

Sina Corp Dump USA

Shayne Heffernan Ph.D.
Last updated: March 4, 2022 10:13 pm
Shayne Heffernan Ph.D.
Share
3 Min Read
hk sina weibo 460688663
SHARE

Chinese internet giant Sina Corp, the parent company of the country’s vast Twitter-like Weibo platform, plans to delist its US shares and go private, making it the latest mainland firm to withdraw from Wall Street as relations between Beijing and Washington sour.

Sina will cease trading on the tech-rich Nasdaq exchange — where it has traded since 2000 — after its board agreed to a merger with a group run by its chief executive that values the firm at $2.59 billion.

The move comes as a growing number of Chinese companies have delisted from the US or opted for secondary, domestic listings as the world’s two superpowers butt heads over a number of issues including technology, Hong Kong and the virus.

The US is considering plans to impose stricter rules on firms listed in the country to open up their audit papers to US accountants, which could lead to Chinese companies forced out.

That could push them towards Hong Kong or Shanghai.

E-commerce giants Alibaba and JD.com, which are traded in New York, have already launched huge offerings in Hong Kong in the past year, while Alibaba’s financial arm is planning a mega dual IPO in the two cities.

China’s leading chipmaker SMIC, meanwhile, delisted in June. This week the US slapped new export restrictions on the beleaguered manufacturer, battering its Hong Kong stocks.

US President Donald Trump has already limited the amount of business US firms can do with telecoms titan Huawei, while he has insisted that the Chinese parent company of popular video app TikTok sell its US operations to an American company, citing security concerns.

The Sina agreement will see it merge with New Wave MMXV Ltd., a Cayman Islands-registered company controlled by Sina CEO Charles Chao, according to a statement posted Monday.

The deal sees New Wave pay $43.30 per share, an improvement on the $41 offered in June.

The merger is expected to close during the first quarter of 2021, the company said.

You Might Also Like

St. Francis: The Deeds You Do Today

Tokenization and the Future of Financial Markets

Asia’s Growth Resilience Amid U.S. Tariffs

What We Know Exists in the Epstein Files

Bitcoin Trading Outlook

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article redhead woman holds gold bitcoin crypto investing concept iStock 1164937742 1 in 3 Women Plan to Buy Crypto in 2022
Next Article 26941775765 7fe68bc01f o NFT Company Buying a Yacht for their Community
Buy Bitcoin

Buy Bitcoin

Latest News

Ferrari Hypersail 1 1024x682 1
Ferrari Hypersail
Ferrari Formula One Headline News Lifestyles of the RIch and Famous Living Luxury Most Popular Must Read Opinion Shayne Heffernan Shayne Heffernan Sports Top Stories July 14, 2025
photo 2024 05 01 13 08 28
Banking Apocalypse, Bitcoin’s Just the Beginning
Bitcoin Blockchain for Government Education Featured Gold Headline News KXCO Opinion Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Stablecoins Strategy USD July 14, 2025
photo 2024 03 05 13 24 46
Bitcoin at ATH, What Next?
Bitcoin Crypto Headline News Opinion Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments USD July 14, 2025
photo 2025 03 03 07 22 06
InfoFi: The Latest Abomination in Crypto
Crypto Featured Headline News Shayne Heffernan on Investments July 10, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?