Rumor: Sina Raising $180 Million

Posted Nov 28, 2009

Rumor has it that Sina will be raising $180 million. The three companies putting in the investment are private equity firms. Sina.com is one of China’s largest Internet news, search, and social networking websites. Sequoia Capital,, Fountainvest Partners, and CITIC Capital will be participating in the round and will gain 9.4% ownership in the company as part of the investment.