The company projected Tuesday third-quarter sales will drop as much as 14 percent to $91 million.

China’s economic slowdown in the first half weakened spending by Sina’s customers in the automobile, property and technology industries.

Sina’s second-quarter net income declined 41 percent to $13.3 million, while operating expenses rose to $36.7 million, compared with $29.9 million in the previous three months, Sina said.

Media content and bandwidth costs are still rising faster than revenues, said an analyst.

Source : Konaxis