The deal represents a big expansion of the Chinese e-commerce giant’s attempts to carve a foothold in China’s fast-growing and fragmented online/mobile video market. Though Youku Tudou Inc (ADR) (NYSE:YOKU) remains the market’s biggest player, strong competition is provided by Baidu, Sohu, and Tencent. Youku Tudou Inc (ADR) (NYSE:YOKU) stock opened at $30.77 in last session, and closed at $30.63, while the day range of YOKU stock is $30.00 – $31.54. The stock showed a negative weekly performance of -14.25%.
Among the largest underlying components of RSX, in trading Yandex NV (NASDAQ:YNDX) is off about 1.8%, Mobile Telesystemsis down about 0.2%, and VimpelCom Ltd. is lower by about 0.4%. Yandex NV (NASDAQ:YNDX) stock opened at $32.16, in last session and closed at $31.84, by losing -2.00%. The 52 week range of YNDX is $19.93 – $45.42. Company’s market capitalization is $11.09billion.
According to the New York Post (for what that’s worth), Facebook Inc (NASDAQ:FB) COO Sheryl Sandberg is in contention to take on Disney CEO Bob Iger’s position when he retires in 2016. Facebook Inc (NASDAQ:FB) stock advanced 1.11% and finished the last session at $70.88. The EPS of the stock remained 0.66. Company’s market capitalization is $180.53billion.
Ms. Li, who joined Baidu Inc. (ADR) (NASDAQ:BIDU) in Your Value Your Change Short position in 2008, wears a number of hats in addition to her formal role as chief financial officer. She heads the company’s marketing, corporate-development and human-resources efforts and helps with its mergers-and-acquisitions strategy. (The company’s chairman and chief executive, Robin Li, is no relation.) Baidu Inc (ADR) (NASDAQ:BIDU) stock opened the session at $171.76, and closed the session at $174.18. The 52 week range of the BIDU stock remained $82.98 – $189.34 and the day range was $169.26 – $175.45.
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