Forget Weibo, SINA Corporation is the Safer Chinese Tech Stock
Shares of Chinese social network Weibo (NASDAQ: WB) have surged 185% this year, fueled by five straight quarters of accelerating year-over-year sales growth. Wall Street expects the company's revenue and non-GAAP earnings to respectively soar 72% and 110% this year -- compared to 37% sales growth and 167% earnings growth in 2016.
I've previously stated that Weibo is still a good growth play for speculative investors. But I also know that its trailing P/E of 99 will likely spook risk-averse investors. So today, I'll discuss a relatively "safer" way to invest in Weibo through its former parent company, SINA (NASDAQ: SINA).
Weibo's mobile app. Image source: Google Play.
Source: Fool.com
