Chinese-focused Internet company Sina.com has filed an application
to list its shares on the Nasdaq stock market in the US.
Net proceeds of the offering are expected to be used for working capital
and other general corporate purposes.
Meanwhile, the company has partnered with MTV in China to host the music
network's inaugural VJ Hunt in the country.
This also marks the first time a dotcom has partnered with MTV in
China.
The VJ Hunt, carried out on Sina.com's website, attracted more than 800
applicants and created three new stars for MTV in China.
The results of the VJ Hunt were a combination of public voting and the
professional opinions of a panel of judges, comprising local artists,
critics, directors and senior executives from MTV and Sina.com.
"Entertainment today increasingly emphasises open participation and
interactivity, which are precisely what the Internet offers," said
Sina.com executive VP Paul Jin.
"The MTV-Sina VJ Hunt utilised the advantage of the Internet to extend
publicity and encourage wider participation."
