Is It Finally Time to Buy SINA and Weibo?
SINA (NASDAQ: SINA) and its social media platform Weibo (NASDAQ: WB) have both lost about 40% of their value over the past 12 months on concerns about their sluggish growth, the trade war, and the economic slowdown in China.
However, both stocks recently rallied sharply after their second-quarter numbers topped analysts' expectations. Do those green shoots indicate that the two beaten-down Chinese tech stocks are finally ready to rebound?
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Source Fool.com
