Matthews China Fund Comments on Sina

So far this year, our holdings in this area did not work well and the overall IT sector performance was dragged down especially by two small-cap companies—Sina Corp (SINA) and Digital China Holdings. Sina, one of China's most popular web portals, came under selling pressure due to market concerns that its Twitter-like online communications services Weibo, may be losing its growth momentum to a main competitor. However, we continue to hold Sina as we believe the target market for its competitor is different from Weibo and we also believe Sina's current valuation does not reflect its other attractive underlying assets.From Matthews China Fund (Trades, Portfolio)'s Second Quarter 2014 Commentary.Also check out: Matthews China Fund Undervalued Stocks Matthews China Fund Top Growth Companies Matthews China Fund High Yield stocks, and Stocks that Matthews China Fund keeps buying

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