The last quarter of 2019 showed a mixed picture of SINA's (NASDAQ:SINA) outlook. There was positive news, as the company's fintech business kept on growing at a robust pace, driving the group's operating results (ex-Weibo) to a positive position.
Yet, huge non-recurring items pushed the company's net results in the red. Some of these items are related to the performance of SINA's investment portfolio (which is huge and should represent a significant driving force of the company's business). To be honest, this is a bit concerning, but I will return to this topic