SINA and Weibo saw their stock prices plummet by 50% or more since their recent highs on trade war concerns and the unexpected rise of Douyin, a Snapchat-like short-video platform that has already reached 500 million monthly users. As a result, SINA shares seem undervalued currently.
SINA and Weibo saw their stock prices plummet by 50% or more since their recent highs on trade war concerns and the unexpected rise of Douyin, a Snapchat-like short-video platform that has already reached 500 million monthly users. As a result, SINA shares seem undervalued currently.
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