New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 28, 2014
11:46 EDTYOKU, BIDU, SOHU, RENNChinese Internet stocks drop after's results fall short
Shares of a number of Chinese Internet stocks are declining after one of the companies in the sector, (SOHU), reported weaker than expected results and guidance. WHAT'S NEW:, which provides online media, search and games, reported a first quarter loss of $1.26 per share, compared with analysts' consensus estimate of a $1.23 per share loss. The company's revenue was also slightly lower than expected. Moreover, estimated that it would report a Q2 loss per share of $1.25-$1.35, versus the consensus outlook of a 62c loss per share. WHAT'S NOTABLE: China has ordered all streaming video websites in the country to stop broadcasting four American TV shows: “The Big Bang Theory,” “The Good Wife,” “NCIS” and “The Practice,” The New York Times reported yesterday, citing employees of two unnamed online streaming websites. Publicly traded Chinese companies that stream TV shows include and Youku Tudou (YOKU), the newspaper stated. Also today, Youku Tudou, which focuses on Internet video, announced that it had received a $1.22B investment from Chinese ecommerce giant Alibaba Group and Yunfeng Capital. PRICE ACTION: In late morning trading, SINA (SINA) fell 1.4% to $47.50, Baidu (BIDU) retreated 6.7% to $152, Renren (RENN) gave back 1.5% to $3.25, and slid 6% to $54.50.
News For SOHU;YOKU;RENN;BIDU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 19, 2015
19:05 EDTYOKUYouku Tudou reports Q3 non-GAAP EPS (RMB1.62), consensus (RMB1.58)
Subscribe for More Information
November 17, 2015
06:12 EDTBIDUBaidu to partner with Citic Bank to launch online bank, Financial Times reports
Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link
November 15, 2015
13:12 EDTBIDUBaidu shares look attractive on O2O potential, Barron's says
Subscribe for More Information
November 12, 2015
08:29 EDTBIDUPerfect World rumored to buy literature business back from Baidu, Marbridge says
Subscribe for More Information
November 11, 2015
18:45 EDTBIDUGoogle may face competitive hurdles in China, WSJ says
Google (GOOG) could face intense competition in China even as it looks to secure government approval to launch its Google Play mobile app store in the country, reports the Wall Street Journal. After pulling its services from China roughly five years ago over censorship issues, local rivals Baidu (BIDU), Xiaomi, and others have gained significant footholds. Sources in the Chinese internet industry told the Journal it "shouldn't be too difficult" for Google to obtain regulatory approval for Play, and the app store may in fact be Google's best chance of penetrating the region, given the high fragmentation and security issues of local offerings. Reference Link
12:23 EDTBIDUPerfect World said in talks to buy reading arm from Baidu, Bloomberg reports
Subscribe for More Information
November 10, 2015
05:58 EDTBIDUBaidu in talks to make investment in India, Economic Times reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use