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Stock Market & Financial Investment News

News Breaks
April 9, 2014
06:47 EDTDANG, TCEHYChinese most prolific users of ecommerce, China Daily reports
Chinese consumers are the most prolific online shoppers in the world, with one in seven making a purchase from the Internet every day and more than 60% buying at least one product online every week, a PricewaterhouseCoopers survey found, according to China Daily. Chinese ecommerce companies include Dangdang (DANG) and Tencent (TCEHY). Reference Link
News For DANG;TCEHY From The Last 14 Days
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July 28, 2014
06:05 EDTTCEHYJD.com launches Xbox One sales in China
JD.com (JD) began taking China pre-orders for Microsoft's (MSFT) Xbox One gaming console. As part of an agreement between the companies, JD.com will have the exclusive right to accept pre-orders for Xbox One in China from July 28-30 through JD.com's Mobile QQ and Weixin entry points. Vice president of JD.com in charge of the IT and Digital Business unit Shuang Du said, "Through our partnership with Tencent (TCEHY), Chinese consumers are increasingly able to enjoy the JD.com shopping experience directly on China's most popular mobile communications platforms. We will continue to focus on providing the most convenient channels for Chinese consumers to purchase authentic products through their mobile devices." On July 31, the JD.com website and JD.com's exhibition booth at the ChinaJoy Expo in Shanghai will also begin taking pre-orders. Reference Link
July 24, 2014
10:54 EDTDANGChina's Weibo, Jumei advance after Citi starts coverage with Buy ratings
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10:03 EDTDANGOn The Fly: Analyst Downgrade Summary
Today's noteworthy initiations include: CECO Environmental (CECE) initiated with a Buy at Canaccord... CorMedix (CRMD) initiated with a Buy at Roth Capital... CyrusOne (CONE) initiated with an Equal Weight at Barclays... Dangdang (DANG) initiated with a Buy at Citigroup... Equinix (EQIX) initiated with an Equal Weight at Barclays... FactSet (FDS) initiated with a Buy at Jefferies... JMP Group (JMP) initiated with an Outperform at Barrington... Markit (MRKT) initiated with a Hold at Jefferies... Thomson Reuters (TRI) initiated with a Hold at Jefferies... Wheeler REIT (WHLR) initiated with a Buy at Maxim... Zafgen (ZFGN) initiated with an Outperform at Leerink.
08:58 EDTDANGDangdang initiated with a Buy at Citigroup
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