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Stock Market & Financial Investment News

News Breaks
March 28, 2014
05:27 EDTWBAI500.com enters into strategic cooperation agreement with Yhd.com
500.com announced that it has signed a strategic cooperation agreement with Yhd.com, a leading B2C e-commerce platform for food, beverages and imported food products in China which is owned by Wal-Mart Group, to begin offering the company's sports lottery products through Yhd.com's extensive e-commerce platform. According to the terms of the agreement, Yhd.com will begin marketing 500.com's sports lottery products and services. The company's sports lottery purchase and information services will be made available to Yhd.com's 60 million registered users through its online platform and mobile apps. With its extensive experience in managing online lottery products, 500.com will provide its advanced technology and operational expertise to aid Yhd.com in optimizing its lottery sales service, improving the customer experience, and promoting lottery products and user registrations through various marketing campaigns. 500.com will maintain full control of the product design, development and operation.
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September 16, 2014
10:05 EDTWBAI500.com could beat Q3 guidance, says 86 Research
86 Research believes 500.com could beat Q3 guidance driven by strong sports betting and lottery sales.
09:59 EDTWBAIOn The Fly: Analyst Upgrade Summary
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07:50 EDTWBAI500.com upgraded to Buy from Hold at Deutsche Bank
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September 10, 2014
16:19 EDTWBAIOn The Fly: Closing Wrap
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13:14 EDTWBAIBlock says Muddy Waters has 'modest short' on 500.com, Bloomberg reports
Carson Block of Muddy Waters says his firm has a "modest short" position on 500.com, Bloomberg reports, citing comments at a Baruch College event. Yesterday ValueWalk reported that Muddy Waters was short the stock, to which the company responded to today in a press release.
09:30 EDTWBAI500.com responds to recent article that made "unsubstantiated speculations"
500.com announced that it came to the company's attention that there was a recent online article which made "several unsubstantiated speculations" on various aspects of the Company's business operations. The company refutes each of such unsubstantiated speculations and reiterates that it has obtained all relevant and necessary licenses and approvals to legally provide online sports lottery services in China; and it has made accurate and full disclosures on its business operations.
September 9, 2014
18:31 EDTWBAIOn The Fly: After Hours Movers
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17:06 EDTWBAICarson Block shorts 500.com, ValueWalk reports
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September 8, 2014
15:43 EDTWBAIRumor: 500.com mentioned cautiously by short-seller at Value Investing Congress
Shares of the Chinese company are down 5% in late trading.

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