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More on Sina's Q2: Gross margin was 53%, down from 57% in the year-ago period but up from 46% in...

More on Sina's Q2: Gross margin was 53%, down from 57% in the year-ago period but up from 46% in Q1, and partly responsible for the EPS beat. Also, operating expenses, which have been ramping due to Weibo investments, only rose 17% Y/Y, a slowdown from recent quarters. Sales/marketing expenses actually declined. Ad revenue +12% Y/Y, an improvement from Q1's 9%. SINA +5.5% AH. (PR)
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