m******1
发帖数: 86 | 1 Hi, folks:
As I mentioned in my previous post, Sina's Weibo is quite similar to Tencent
's QQ. For those of you who still can't see the business model and valuation
of Weibo, please read the following 3 links:
Brief introduction of Tencent's Internet Value-added Service
http://www.tencent.com/en-us/ps/internetservice.shtml
Monetization model prediction from seekingalpha.com
http://seekingalpha.com/article/313210-the-importance-of-sina-c
My previous post regarding Sina Weibo valuation
http://www.mitbbs.com/article_t0/Stock/34031329.html
Thanks. | r******9
发帖数: 2632 | 2 看不懂。你直说需要俺们咋整？!
Tencent
valuation
【在 m******1 的大作中提到】
: Hi, folks:
: As I mentioned in my previous post, Sina's Weibo is quite similar to Tencent
: 's QQ. For those of you who still can't see the business model and valuation
: of Weibo, please read the following 3 links:
: Brief introduction of Tencent's Internet Value-added Service
: http://www.tencent.com/en-us/ps/internetservice.shtml
: Monetization model prediction from seekingalpha.com
: http://seekingalpha.com/article/313210-the-importance-of-sina-c
: My previous post regarding Sina Weibo valuation
: http://www.mitbbs.com/article_t0/Stock/34031329.html
| C*******y
发帖数: 351 | | r******9
发帖数: 2632 | 4 别管那么多。做好接盘热身运动。 这市场，买什么不是套，无所谓啦。
【在 C*******y 的大作中提到】
: What is the point?
| m******1
发帖数: 86 | 5 Currently the market cap of Sina is $3.87 billion. Sina owned $0.9 billion
cash. $0.4 billion investment in CRIC and Toudou.com which just recorded a
major impairment during Q3 ER. which means the market valuation for Sina.com
and Weibo.com is just $2.6 billion.
Sina.com itself should be $2.0 billion, which means Weibo.com is valued as
less than $0.6 billion.
As I mentioned in my previous post, Tencent's IVAS is valued at $28 billion.
the difference between IVAS and Weibo is
registered user: 650 mil vs. 300 mil
active users: 55 mil vs. 25 mil.
mature business model/no.
It's your call whether you want to go long or short.
【在 r******9 的大作中提到】
: 看不懂。你直说需要俺们咋整？!
:
: Tencent
: valuation
| r******9
发帖数: 2632 | 6 Please forgive my poor Canadian English. You just opined on the valuation of
Weibo. All looks good, very very good, and very very good, and indeedy.
However, in my very very humble opinion, Sina.com, as a portal, should be
valued at 0, if not negative. Yes, that's right, zero, nada, zilch, zippo,
and for CS majors, nil.
com
billion.
【在 m******1 的大作中提到】
: Currently the market cap of Sina is $3.87 billion. Sina owned $0.9 billion
: cash. $0.4 billion investment in CRIC and Toudou.com which just recorded a
: major impairment during Q3 ER. which means the market valuation for Sina.com
: and Weibo.com is just $2.6 billion.
: Sina.com itself should be $2.0 billion, which means Weibo.com is valued as
: less than $0.6 billion.
: As I mentioned in my previous post, Tencent's IVAS is valued at $28 billion.
: the difference between IVAS and Weibo is
: registered user: 650 mil vs. 300 mil
: active users: 55 mil vs. 25 mil.
| m******1
发帖数: 86 | 7 Don't quite understand why you say Sina.com should be valued as Nil. it
generate $140 mil operating cash flow annual.
If you are not happy with Sina's management, then it's a totally different
story. | f**********r
发帖数: 2137 | 8 active users doesn't mean revenue. user behavior is completely different.
nobody on weibo would pay for an account number, the thing is for 3rd/4th
tier cities.
com
billion.
【在 m******1 的大作中提到】
: Currently the market cap of Sina is $3.87 billion. Sina owned $0.9 billion
: cash. $0.4 billion investment in CRIC and Toudou.com which just recorded a
: major impairment during Q3 ER. which means the market valuation for Sina.com
: and Weibo.com is just $2.6 billion.
: Sina.com itself should be $2.0 billion, which means Weibo.com is valued as
: less than $0.6 billion.
: As I mentioned in my previous post, Tencent's IVAS is valued at $28 billion.
: the difference between IVAS and Weibo is
: registered user: 650 mil vs. 300 mil
: active users: 55 mil vs. 25 mil.
| r******9
发帖数: 2632 | 9 这就不懂了超出俺的理解了。
等杰克哈大牛出来FA一把再说。
【在 m******1 的大作中提到】
: Don't quite understand why you say Sina.com should be valued as Nil. it
: generate $140 mil operating cash flow annual.
: If you are not happy with Sina's management, then it's a totally different
: story.
| f**********r
发帖数: 2137 | 10 Sina weibo's business model is now socialized web portal, which cannibalized
the original web 1.0 portal, thanks to accountant Cao. I don't see any growth
in this stock. | | | a*******8
发帖数: 2299 | 11 要是微博估值刚上腾讯的那个玩意，那SINA岂不是要涨到1000？ | b*****a
发帖数: 227 | 12 我觉得短期看来sina也许还有下跌的空间，但放个两三年的时间来看，这是中国互联网
这个行业最有可能翻几番的公司。
weibo可以说是国内在QQ，百度搜索，淘宝，之后第四个最成功的产品。qq赚钱说白了
就是卖q币，百度就是卖广告，淘宝现在不怎么赚钱，weibo怎么赚钱？卖威币，卖账号
都是尝试，成功不成功很难说，但只要微博继续占据现在的这种行业垄断地位，它总有
尝试对的时候。
我更希望sina挖个高人过来做广告，依仗新浪这种信息分享的架构把这东西设计合理，
而不是跟qq学，靠卖吉利号，模板营生。 | W********g
发帖数: 610 | 13 其实我看新浪》百度，not now!
Tencent
valuation
【在 m******1 的大作中提到】
: Hi, folks:
: As I mentioned in my previous post, Sina's Weibo is quite similar to Tencent
: 's QQ. For those of you who still can't see the business model and valuation
: of Weibo, please read the following 3 links:
: Brief introduction of Tencent's Internet Value-added Service
: http://www.tencent.com/en-us/ps/internetservice.shtml
: Monetization model prediction from seekingalpha.com
: http://seekingalpha.com/article/313210-the-importance-of-sina-c
: My previous post regarding Sina Weibo valuation
: http://www.mitbbs.com/article_t0/Stock/34031329.html
| a*******8
发帖数: 2299 | | P**********c
发帖数: 3417 | 15 It's all about the advertising dollars. They won't ask you to pay for an
account, ever, OK? Google didn't ask you pay for an account. Baidu
didn't. Tencent didn't (Well for one time it used to be that you can sell a QQ
acount, but that was on second market). It is shocking at this age people still don't understand how most internet companies work.
It is true that Weibo still didn't figure out what is the efficient way for it to sell ad space, but if they do, online and mobile ads is still a market with huge potential. I think because they have a stable revenue stream from the portal, they are waiting for Twitter to experiment with promoted tweets, etc., and they will follow if Twitter finds out the best way. One thing for sure is they won't ask you to pay for an account. Rest assured.
【在 f**********r 的大作中提到】
: active users doesn't mean revenue. user behavior is completely different.
: nobody on weibo would pay for an account number, the thing is for 3rd/4th
: tier cities.
:
: com
: billion.
| o******r
发帖数: 1378 | 16 QQ帐号分不同级别的。。 最普通的不要钱，什么黄钻，白钻， 星星级，太阳级是要钱
的。。我当然不会买， 但是很多人买的。
a QQ
still don't understand how most internet companies work.
for it to sell ad space, but if they do, online and mobile ads is still a
market with huge potential. I think because they have a stable revenue
stream from the portal, they are waiting for Twitter to experiment with
promoted tweets, etc., and they will follow if Twitter finds out the best
way. One thing for sure is they won't ask you to pay for an account. Rest
assured.
【在 P**********c 的大作中提到】
: It's all about the advertising dollars. They won't ask you to pay for an
: account, ever, OK? Google didn't ask you pay for an account. Baidu
: didn't. Tencent didn't (Well for one time it used to be that you can sell a QQ
: acount, but that was on second market). It is shocking at this age people still don't understand how most internet companies work.
: It is true that Weibo still didn't figure out what is the efficient way for it to sell ad space, but if they do, online and mobile ads is still a market with huge potential. I think because they have a stable revenue stream from the portal, they are waiting for Twitter to experiment with promoted tweets, etc., and they will follow if Twitter finds out the best way. One thing for sure is they won't ask you to pay for an account. Rest assured.
| u****n
发帖数: 7521 | 17 It has political threat what Weibo.com would be closed at CCP's will. So don
't overestimate it.
Tencent
valuation
【在 m******1 的大作中提到】
: Hi, folks:
: As I mentioned in my previous post, Sina's Weibo is quite similar to Tencent
: 's QQ. For those of you who still can't see the business model and valuation
: of Weibo, please read the following 3 links:
: Brief introduction of Tencent's Internet Value-added Service
: http://www.tencent.com/en-us/ps/internetservice.shtml
: Monetization model prediction from seekingalpha.com
: http://seekingalpha.com/article/313210-the-importance-of-sina-c
: My previous post regarding Sina Weibo valuation
: http://www.mitbbs.com/article_t0/Stock/34031329.html
| g*****u
发帖数: 14294 | 18 Let me guess. Shares held: zero.
a QQ
still don't understand how most internet companies work.
for it to sell ad space, but if they do, online and mobile ads is still a
market with huge potential. I think because they have a stable revenue
stream from the portal, they are waiting for Twitter to experiment with
promoted tweets, etc., and they will follow if Twitter finds out the best
way. One thing for sure is they won't ask you to pay for an account. Rest
assured.
【在 P**********c 的大作中提到】
: It's all about the advertising dollars. They won't ask you to pay for an
: account, ever, OK? Google didn't ask you pay for an account. Baidu
: didn't. Tencent didn't (Well for one time it used to be that you can sell a QQ
: acount, but that was on second market). It is shocking at this age people still don't understand how most internet companies work.
: It is true that Weibo still didn't figure out what is the efficient way for it to sell ad space, but if they do, online and mobile ads is still a market with huge potential. I think because they have a stable revenue stream from the portal, they are waiting for Twitter to experiment with promoted tweets, etc., and they will follow if Twitter finds out the best way. One thing for sure is they won't ask you to pay for an account. Rest assured.
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