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Stock Market & Financial Investment News

News Breaks
March 26, 2014
08:07 EDTTCEHY, YOKUTencent rumored to take 20% stake in Youku Tudou, Marbridge Daily says
Tencent (TCEHY) has reportedly reached a tentative agreement to take a 20% stake in Youku Tudou (YOKU), Marbridge Daily reports, citing a source close to Youku Tudou. The deal is said to be worth at least $300M in cash. The companies could announce the partnership later this month. Reference Link
News For TCEHY;YOKU From The Last 14 Days
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August 31, 2015
17:41 EDTTCEHYTencent-backed group to develop Tesla rival, Reuters says
A group of Chinese internet firms and investors including Tencent (TCEHY) and JD.com (JD) founder Richard Liu are backing an effort to create NextEV, an electric vehicle project meant to rival Tesla (TSLA), reports Reuters. The group has hired ex-Ford (F) executive Martin Leach as well as former Volkswagen (VLKAY), BMW (BAMXY), and Tesla employees "to build a global automaker," a spokesperson told the publication. Reference Link
August 21, 2015
05:21 EDTTCEHYeLong retains financial advisor, legal counsel
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August 20, 2015
10:00 EDTYOKUOn The Fly: Analyst Upgrade Summary
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09:20 EDTYOKUOn The Fly: Pre-market Movers
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09:11 EDTYOKUYouku Tudou upgraded to Neutral following Q2 report at Mizuho
As previously reported, Mizuho upgraded Youku Tudou to Neutral from Underperform and maintained its $18 price target. The firm upgraded shares citing the Q2 beat and expects the consumer business to diversify and drive top line growth, and improve margin.
06:05 EDTYOKUYouku Tudou upgraded to Neutral from Underperform at Mizuho
August 19, 2015
18:05 EDTYOKUYouku Tudou sees Q3 revenue RMB 1.69B-RMB 1.78B
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18:04 EDTYOKUYouku Tudou reports Q2 EPS (RMB 1.76) vs. (RMB 0.76) last year
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August 18, 2015
16:19 EDTTCEHYTencent invests $50M in messaging app Kik
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10:00 EDTYOKUOn The Fly: Analyst Upgrade Summary
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08:24 EDTYOKUYouku Tudou upgraded to Buy from Hold at T.H. Capital
T.H. Capital analyst Tian Hou upgraded Youku Tudou to Buy with a $33 price target. The company's Q2 results on August 20 should be solid and it is well positioned to benefit from the upcoming market consolidation, Hou tells investors in a research note.
06:36 EDTTCEHYHuayi sells $560M in shares to group including Alibaba, Tencent, Variety reports
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August 17, 2015
10:27 EDTTCEHYTencent upgraded to Buy from Hold at Summit Research
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