Sina Moves to Block Activist Investors

The video discusses a strategic move by the Beijing-based owner of Weibo to issue super shares to its CEO, Chow, effectively giving him 55.5% of the voting rights. This move was made to counteract activist investor Aristea Capital's attempt to install independent directors on the board. The company is unapologetic about this decision, viewing proxy contests as disruptive. The video also explores the cultural differences between American and Chinese companies regarding shareholder activism, highlighting a trend where Chinese companies prefer to maintain control without external influence.

What was Chow's perspective on proxy contests during the earnings call?

How do American shareholders' expectations differ from those of Chinese companies listed in America?