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Stock Market & Financial Investment News

News Breaks
January 23, 2014
09:37 EDTBIDU, SINA, QIHU, SOHU, RENNChina blames hacking for outage, others suspect censorship changes, NYT says
Chinese authorities suggest that a widespread Internet outage in the country this week was caused by hackers, but others blame a malfunction of the government’s own "Great Firewall" censorship system for the issues, reported The New York Times yesterday. Reference Link
News For BIDU;SINA;QIHU;SOHU;RENN From The Last 14 Days
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July 21, 2014
10:49 EDTSOHU, BIDU, SINABaidu advances following Morgan Stanley upgrade
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07:26 EDTBIDUBaidu upgraded to Overweight from Equal Weight at Morgan Stanley
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July 18, 2014
08:45 EDTQIHUDefined mobile strategy could serve as catalyst for Qihoo 360, says UBS
UBS is optimistic about Qihoo 360's growth momentum in search and mobile, but believes a better defined mobile strategy could serve as a catalyst for the shares. The firm sees a margin squeeze in Q2 but an anticipated pickup in search monetization should support margin recovery. UBS has a Buy rating with a $155 price target on Qihoo.
05:21 EDTBIDUChangyou.com appoints Rucia Ren as acting CFO
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July 16, 2014
05:59 EDTSOHUSohu online game subsidiary Changyou to invest in MoboTap
Sohu.com (SOHU) announced that its online game subsidiary, Changyou.com (CYOU) and MoboTap, a Cayman Islands company that is the mobile technology developer behind the Dolphin Browser, have entered into a definitive investment agreement pursuant to which Changyou will purchase 51% of the equity interests in MoboTap on a fully-diluted basis, for cash consideration of $91M. In addition, Changyou will provide $30M in funding to MoboTap by purchasing a zero-coupon convertible bond due in five years. Changyou will have the option, exercisable at any time when the bond is outstanding, to convert all or any part of the unpaid principal into shares of MoboTap at a conversion price that would result in Changyou's equity interest in MoboTap increasing to 60% on a fully-diluted basis, measured as of the closing under the Investment Agreement, if the option is exercised in full. The transaction is expected to close in August.
July 15, 2014
07:46 EDTBIDUBaidu looking to strike game partnerships in Canada, Globe & Mail says
Baidu is meeting with game developers in Vancouver and Toronto to see if it can strike relationships as the Chinese search giant looks to build on the 40% shares of China's games market on the Android platform that it currently holds, reported The Globe & Mail. Reference Link
06:00 EDTSINAStocks with implied volatility movement; KGC SINA
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July 14, 2014
08:23 EDTBIDU, BIDUBaidu likely to report Q2 upside, says CLSA
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July 10, 2014
09:07 EDTQIHUWeibo, Qihoo jointly launch independent blogging platform, Marbridge Daily says
Weibo (WB), Qihoo 360 (QIHU), and UCWeb will jointly launch a new platform intended for use by independent news bloggers in China, said Marbridge Daily, citing Sina Tech. Reference Link
July 8, 2014
10:29 EDTSOHUSohu gets 3M hits from 'Conan' since Chinese debut, AP says
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08:19 EDTBIDUBaidu one of best Chinese Internet names ahead of results, says Pacific Crest
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