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Stock Market & Financial Investment News

News Breaks
July 24, 2014
10:54 EDTWB, JMEI, SOHU, DANG, CMCM, VIPSChina's Weibo, Jumei advance after Citi starts coverage with Buy ratings
Shares of Chinese microblog Weibo (WB) and Chinese online beauty product retailer Jumei International (JMEI) are rising after Citigroup initiated coverage of both stocks with Buy ratings. WEIBO: Citigroup analyst Thomas Chong initiated coverage of Weibo with a Buy rating, saying that the company has established a solid, popular brand. Moreover, the company's ad revenue should rise as more small and medium businesses look to advertise on the website, Chong wrote. Additionally, Weibo is slated to fully launch a payment system for companies in the second half of 2014 and this system should help the company sell more ads, the analyst forecast. He set a $22.60 price target on the shares. JUMEI: Jumei International has executed well by recommending quality products to its customers and is establishing a trustworthy brand, Chong believes. The company has a loyal customer base of more than 10M and it is likely to shift to selling many more higher margin private label and exclusive products, the analyst stated. He set a $32.60 target on the shares. WHAT'S NOTABLE: Chong also initiated coverage of Chinese Internet companies Sohu.com (SOHU), Dangdang (DANG), Cheetah Mobile (CMCM), and Vipshop (VIPS) with Buy ratings today. Sohu provides online games and a search engine, while Dangdang is an e-commerce company specializing in books. Cheetah Mobile sells applications for the mobile Internet and Vipshop is an online discount retailer. PRICE ACTION: In mid-morning trading, Weibo rose 1.4% to $19.58 and Jumei climbed 5.25% to $29.49.
News For WB;JMEI;SOHU;DANG;CMCM;VIPS From The Last 14 Days
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October 21, 2014
12:49 EDTWBAcxiom, Weibo announce partnership
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08:07 EDTSOHURenren rumored to plan sale of video platform to Sohu, Marbridge Daily says
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October 17, 2014
10:16 EDTSOHUHigh option volume stocks
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October 15, 2014
07:06 EDTCMCMCheetah Mobile and Kingsoft partner for games operations
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October 9, 2014
13:40 EDTCMCMSamsung, Cheetah Mobile to pre-install Clean Master, BrightWire says
Cheetah Mobile (CMCM) CEO Fu Sheng said that the company has finalized an agreement with Samsung (SSNLF) to pre-install Clean Master, its flagship mobile application, on its phones, according to BrightWire, citing comments from Sheng. The CEO said that the company is devoted to its overseas broadening strategy regardless of investor criticism. Reference Link
08:10 EDTVIPSVipshop announces ADS ratio change to 5 ADS to 1 ordinary share
Vipshop Holdings announced that it will change its ADS to Class A Ordinary Share ratio from one ADS representing two shares to five ADSs representing one Share, effective November 3. Vipshop ADS holders of record as of the close of business on October 31, 2014 will receive nine additional ADSs for every one ADS held on that date. For Vipshop's ADS holders, this ratio change will have the same effect as a 10-for-1 ADS split. The ADS ratio change will have no impact on Vipshop's underlying Shares. Furthermore, no action by ADS holders is required to effect the ratio change.

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