Sina, headquartered in Beijing, China, is a digital media company providing news, entertainment, and financial content through its online platforms primarily serving Chinese-speaking audiences.

This investigation focuses on allegations that Defendants orchestrated a scheme to artificially depress the value of Sina's ordinary shares to avoid paying fair value to shareholders during the transaction to take Sina private. According to the lawsuit, critical information was withheld from proxy materials that shareholders needed to make an informed decision.

The Complaint alleges that the Defendants concealed the true value of the Company's investment in TuSimple, an autonomous trucking firm based in the U.S. As a result, the cash consideration offered substantially undervalued the shares.

According to the lawsuit, discovery in a related shareholder appraisal proceeding uncovered internal documents showing that senior executives knowingly hid the investment's true value and that, consequently, shareholders received less than what their shares were worth at the transaction's closing.

If you are a SINA investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at ... or (215) 875-3015, or Caitlin Adorni at ... or (267)764-4865.

About Berger Montague
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco, Chicago, Malvern, PA, and Toronto has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

For more information or to discuss your rights, please contact:
Andrew Abramowitz
Senior Counsel
Berger Montague
(215) 875-3015
...

Caitlin Adorni
Director of Portfolio & Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
...