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Stock Market & Financial Investment News

News Breaks
January 16, 2014
09:24 EDTSINA, SOHU, TCEHYWeibo microblog users fell 9% in 2013, Bloomberg reports
China Internet Network Information Center. reported that the number of users of Weibo, or Chinese microblogs, fell 9% in 2013 from a year earlier to 281M, reported Bloomberg. Sina (SINA) is the owner of China’s largest Weibo service and others with similar platforms include Sohu.com (SOHU) and Tencent (TCEHY). Reference Link
News For SINA;SOHU;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
05:16 EDTSOHUSohu.com sees Q3 EPS (85c)-(75c), consensus (97c)
Sees Q3 revenue $427M-$442M, consensus $451.35M. Sees Q3 brand advertising revenues to be $148M-$153M; this implies a sequential increase of 11%-15% and an annual increase of 19%-23%. Sees Q3 Sogou revenues to be between $100M-$105M; this implies a sequential increase of 10%-15% and an annual growth of 76%-84%. Sees Q3 online game revenues to be between $158M-$163M; this implies a sequential increase of 3%-6 % and an annual decrease of 2% to an annual increase of 1%.
05:11 EDTSOHUSohu.com reports Q2 adjusted EPS (88c), consensus ($1.38)
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July 25, 2014
10:27 EDTSOHUSohu.com technical comments ahead of earnings
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July 24, 2014
10:54 EDTSOHUChina's Weibo, Jumei advance after Citi starts coverage with Buy ratings
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09:30 EDTSOHUSohu.com initiated with a Buy at Citigroup
Target $66.
07:49 EDTSOHUSohu.com August volatility elevated at 50 into Q2
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July 21, 2014
10:49 EDTSOHU, SINABaidu advances following Morgan Stanley upgrade
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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
06:00 EDTSINAStocks with implied volatility movement; KGC SINA
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