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Stock Market & Financial Investment News

News Breaks
May 19, 2014
09:21 EDTSFUN, CTRP, BIDU, VIPSNumerous Chinese Internet companies plan small loan units, Marbridge Daily says
A number of China's Internet companies, including Vipshop (VIPS), Ctrip.com (CTRP), and SouFun (SFUN), plan to join search giant Baidu (BIDU) in creating small loan subsidiaries in Shanghai, according to 21st Century Business Herald, reported Marbridge Daily. Reference Link
News For VIPS;CTRP;SFUN;BIDU From The Last 14 Days
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February 5, 2016
06:33 EDTBIDUChinese public growing unhappy with Baidu, WSJ says
The people of China are becoming unhappy with Baidu, and the internet search giant needs to exercise a balance to maintain profit and public interest, Wall Street Journal columnist Li Yuan says. Yuan brings up the example of Pan Longfei, a man with a rare heart and kidney disease who was led astray to a private hospital featured on a sponsored link on Baidu, when a public hospital in Guangzhou was able to properly diagnose and treat his condition better. Baidu is the largest search engine in China with approximately 80% of the market, the report says. Pan joined a revolt against Bauidu after seeing a post claiming that Baidu populated the web with information from shoddy businesses, including a hospital which reportedly didn't have a medical license, the report says. Reference Link
February 3, 2016
07:55 EDTSFUNSouFun provides update on acquisition of Wanli New Energy
SouFun provided a further update on its acquisition of a controlling stake in Chongqing Wanli New Energy, a company listed on the Shanghai Stock Exchange, and the sale of Wanli's assets. Wanli has advised the company that it received an inquiry letter from the SSE dated January 28 with respect to the Restructuring, and had commenced preparing its responses in a timely manner and already applied to the SSE for an extension of time to submit the responses. The consummation of the foregoing transactions remains subject to the requisite internal approvals of the relevant parties and regulatory clearance.
January 31, 2016
20:43 EDTCTRPOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
14:02 EDTCTRPCtrip shares could rise 30% in a year, Barron's says
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January 25, 2016
16:11 EDTCTRPCtrip.com reports 16.6% stake in MakeMyTrip
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