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Stock Market & Financial Investment News

News Breaks
August 30, 2013
10:05 EDTFENG, CTRP, HOS, VIPS, AI, YYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Arlington Asset Investment (AI) initiated with a Market Perform at JMP Securities... Hornbeck Offshore (HOS) initiated with an Overweight from Not Rated at JPMorgan... YY Inc. (YY) initiated with an Overweight at JPMorgan... Phoenix New Media (FENG) initiated with an Overweight at JPMorgan... Vipshop (VIPS) initiated with an Overweight at JPMorgan... Ctrip.com (CTRP) initiated with a Neutral at JPMorgan.
News For AI;HOS;YY;VIPS;FENG;CTRP From The Last 14 Days
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December 15, 2014
05:38 EDTCTRPTuniu announces $148M investment in aggregate from group of investors
Tuniu (TOUR) announced that it has entered into a share subscription agreement with Unicorn Riches Limited, a special purpose vehicle of Hony Capital, JD.com E-commerceHong Kong Corporation Limited, a special purpose vehicle of JD.com (JD), Ctrip Investment Holding, a subsidiary of Ctrip.com (CTRP) and the respective personal holding companies of Tuniu's CEO and COO, pursuant to which Tuniu will issue and sell a total of $148M newly issued class A ordinary shares to the investors. Pursuant to the agreement, Unicorn Riches Limited, JD.com E-commerce Hong Kong Corporation Limited, Ctrip Investment Holding and the personal holding companies of Dunde Yu, Tuniu's chairman of the board and CEO, and Haifeng Yan, Tuniu's director and COO, agree to subscribe newly issued Class A ordinary shares of the company in the amount of $50M, $50M, $15M, $16.5M and $16.5M, respectively. The purchase price will be $4.02 per ordinary share, or the equivalent of $12.06 per ADS. The purchase price represents the average closing trading prices of the company's ADSs for the ten trading days prior to the signing of the agreement, adjusted for ADS-to-ordinary share ratio, and represents a small premium over the average of ADS closing trading prices in the last five trading days. This share issuance is made in reliance on, and in compliance with, Regulation S under the Securities Act of 1933, as amended. Each of the investors has agreed not to sell, transfer or dispose of any shares acquired in the transaction for six months after the closing. In addition, the company also announced that it has decided not to pursue its proposed registered public offering of ADSs and will withdraw the related registration statement on Form F-1 previously filed with the SEC on December 2.
December 11, 2014
16:06 EDTYYYY Inc. to acquire edu24ol.com for RMB 120M
YY Inc. announced that it has reached a definitive agreement to fully acquire Beijing Huanqiu Xingxue Technology Development and Beijing Huanqiu Chuangzhi Software from Shanghai Global Career Education Science & Technology for a total cash consideration of approximately RMB 120M. Xingxue and Chuangzhi operate the online education website, edu24ol.com, which has approximately 700,000 registered users and is one of China's leading online vocational training and language training platforms, YY said. As part of the agreement, Huanqiu will retain the online English training business. The transaction is subject to customary closing conditions.
December 10, 2014
05:35 EDTCTRPTuniu, Ctrip.com sign strategic collaboration agreement
Tuniu (TOUR) announced that the company has signed a strategic agreement with Ctrip.com (CTRIP) to expand their collaboration on shared travel resources. In May, Ctrip acquired $15M of Tuniu Class A ordinary shares concurrent with Tuniu's IPO and currently owns over 3% of Tuniu's outstanding shares.
December 9, 2014
12:30 EDTHOSWells Fargo to hold a symposium
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December 5, 2014
15:39 EDTCTRPCtrip.com falls, heading for lows of the day, levels to watch
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December 4, 2014
07:23 EDTYYYY Inc. rumored to weigh online education site acquisition, Marbridge Daily says
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06:08 EDTVIPSVipshop implied volatility of 41 at lower end of index mean range

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