UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
SINA Corporation
----------------
(Name of Issuer)
Ordinary Shares, par value $0.133 per share
-------------------------------------------
(Title of Class of Securities)
G81477104
---------
(CUSIP Number)
January 21, 2008
----------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
------------------------------ ------------------
CUSIP No. G81477104 13G Page 2 of 9 Pages
------------------------------ ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gandhara Advisors Europe LLP
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
England and Wales
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,319,125
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,319,125
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,319,125
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------ ------------------
CUSIP No. G81477104 13G Page 3 of 9 Pages
------------------------------ ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gandhara Master Fund Limited
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,319,125
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,319,125
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,319,125
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
-4-
------------------------------ ------------------
CUSIP No. G81477104 13G Page 4 of 9 Pages
------------------------------ ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davide Erro
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,319,125
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,319,125
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,319,125
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Item 1(a): Name of Issuer:
--------- --------------
The name of the issuer is SINA Corporation, a Cayman Islands corporation (the
"Company").
Item 1(b): Address of Issuer's Principal Executive Offices:
--------- -----------------------------------------------
The Company's principal executive office is located at: Room 1802, United Plaza,
1468 Nan Jing Road West, Shanghai 200040 China.
Item 2(a): Name of Person Filing:
--------- ---------------------
This Schedule 13G is filed by:
(i) Gandhara Advisors Europe LLP, a limited liability partnership
incorporated in England and Wales (the "European Investment Manager"),
which serves as an investment manager to the Master Fund (defined
below), with respect to shares of Ordinary Shares (as defined in Item
2(d)) directly owned by the Master Fund;
(ii) Gandhara Master Fund Limited, an exempted company incorporated with
limited liability in the Cayman Islands (the "Master Fund"), with
respect to the shares of Ordinary Shares directly held by it; and
(iii) Mr. Davide Erro ("Mr. Erro"), who is a partner of the European
Investment Manager and therefore shares control over its business
activities, with respect to shares of Ordinary Shares indirectly
beneficially owned by Mr. Erro by virtue of such position.
The European Investment Manager, the Master Fund and Mr. Erro are hereinafter
sometimes collectively referred to as the "Reporting Persons." Any disclosures
herein with respect to persons other than the Reporting Persons are made on
information and belief after making inquiry to the appropriate party.
Item 2(b): Address of Principal Business Office or, if None, Residence:
--------- -----------------------------------------------------------
The address of the principal business office of each of the Reporting Persons is
6th Floor, 65 Curzon Street, London W1J 8PE, England.
Item 2(c): Citizenship:
--------- -----------
The European Investment Manager is incorporated as a limited liability
partnership under the laws of the England and Wales. The Master Fund is
incorporated with limited liability in the Cayman Islands. Mr. Erro is a United
States citizen.
Item 2(d): Title of Class of Securities:
--------- ----------------------------
Ordinary Shares, $0.133 par value ("Ordinary Shares").
Item 2(e): CUSIP Number:
--------- ------------
G81477104
-5-
Item 3: If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
------ --------------------------------------------------------------------
(c), check whether the person filing is a:
-----------------------------------------
A. [ ] Broker or dealer registered under Section 15 of the Act,
B. [ ] Bank as defined in Section 3(a)(6) of the Act,
C. [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
D. [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
E. [ ] Investment Adviser in accordance with Rule 13d-1
(b)(1)(ii)(E),
F. [ ] Employee Benefit Plan or Endowment Fund in accordance with
13d-1 (b)(1)(ii)(F),
G. [ ] Parent Holding Company or control person in accordance with
Rule 13d-1 (b)(1)(ii)(G),
H. [ ] Savings Association as defined in Section 3(b) of the Federal
Deposit Insurance Act,
I. [ ] Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940,
J. [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4: Ownership:
------ ---------
The beneficial ownership of Ordinary Shares by the Reporting Persons, as of the
date of this Schedule 13G, is as follows:
A. Gandhara Advisors Europe LLP
----------------------------
(a) Amount beneficially owned: 3,319,125.
(b) Percent of class: 6.1%. The percentages used herein and in the rest of
this Schedule 13G are calculated based upon a total of 54,668,454 shares of
Ordinary Shares stated to be issued and outstanding as of April 20, 2007,
as reflected in the Company's Annual Report on Form 10-K/A (Amendment No. 3)
filed on June 8, 2007.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 3,319,125
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 3,319,125
B. Gandhara Master Fund Limited
----------------------------
(a) Amount beneficially owned: 3,319,125.
(b) Percent of class: 6.1%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 3,319,125
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 3,319,125
-6-
C. Davide Erro
-----------
(a) Amount beneficially owned: 3,319,125.
(b) Percent of class: 6.1%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 3,319,125
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 3,319,125
Item 5: Ownership of Five Percent or Less of a Class:
------ --------------------------------------------
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following: [ ]
Item 6: Ownership of More than Five Percent on Behalf of Another Person:
------ ---------------------------------------------------------------
Other than as set forth herein, no other person has the right to receive or the
power to direct the receipt of dividends from, or proceeds from the sale of, in
excess of 5% of the total outstanding Ordinary Shares.
Item 7: Identification and Classification of the Subsidiary Which Acquired the
------ ----------------------------------------------------------------------
Security Being Reported on by the Parent Holding Company:
--------------------------------------------------------
Not applicable.
Item 8: Identification and Classification of Members of the Group:
------ ---------------------------------------------------------
Not applicable.
Item 9: Notice of Dissolution of Group:
------ ------------------------------
Not applicable.
Item 10: Certification:
------- -------------
Each of the Reporting Persons hereby makes the following certification:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
-7-
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: January 29, 2008
GANDHARA ADVISORS EUROPE LLP
By: /s/ Davide Erro
-----------------------------------------
Name: Davide Erro
Title: Partner
GANDHARA MASTER FUND LIMITED
By: /s/ Davide Erro
-----------------------------------------
Name: Davide Erro
Title: Partner
/s/ Davide Erro
----------------------------------------------
Davide Erro
EXHIBIT INDEX
Exhibit 99.1: Joint Filing Agreement, dated January 29, 2008,
by and between Gandhara Advisors Europe LLP, Gandhara
Master Fund Limited and Davide Erro.