By Stan Abrams (Guest Post)
Trading was ugly on Tue. Sept. 20 for China Net giant Sina: Sina Corp., the owner of China’s third-most visited website and the Twitter-like Weibo service, fell the most in more than three months in New York trading[.]Other China tech stocks sank, including Baidu, Sohu and NetEase, but the cause of the mini-crisis is a bit puzzling. The foreign business media seems to be focused on current developments with VIE regulation (see my recent posts here, here, and here). If that’s true, it further erodes my confidence in the rationality of the stock market. Shit, who am I…
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