Chinese Internet Security Company Qihoo 360 Technology Co Ltd (NYSE:QIHU) has implemented a strategic investment in the Internet advertising technology and service provider MediaV and become the controlling shareholder of the latter. Qihoo 360 Technology Co Ltd (NYSE:QIHU) net profit margin is 14.90% and weekly performance is 1.02%. On last trading day company shares ended up $81.16. Analysts mean target price for the company is $ 132.20. Qihoo 360 Technology Co Ltd (NYSE:QIHU) distance from 50-day simple moving average (SMA50) is -13.57%.
Renren Inc. (NYSE:RENN) a leading real name social networking Internet platform in China, announced that it will report its unaudited financial results for the first quarter 2014 on Wednesday, May 21, 2014, after the close of the U.S. markets. The earnings conference call with simultaneous webcast will take place at 9:00 p.m. Eastern Time on Wednesday, May 21, 2014 (Beijing/Hong Kong Time: 9:00 a.m., Thursday, May 22, 2014). Renren’s management will be on the call to discuss the quarterly results and answer questions. Renren Inc (NYSE:RENN) shares fell -0.30% in last trading session and ended the day on $3.28. Gross Margin is 56.20% and its return on assets is 5.00%. Renren Inc (NYSE:RENN) quarterly performance is -7.61%.
SINA Corporation (NASDAQ:SINA), a leading online media company serving China and the global Chinese communities, will announce its unaudited financial results for the first quarter 2014 after the close of market on Wednesday, May 21, 2014. Following the announcement, SINA’s management team will host a conference call from 10:10 p.m. -10:50 p.m. Eastern Time on May 21, 2014 (or 10:10 a.m. -10:50 a.m. Beijing Time on May 22, 2014) to present an overview of the Company’s financial performance and business operations. SINA Corp (NASDAQ:SINA) shares moved down -1.34% in last trading session and was closed at $47.25, while trading in range of $47.15 – $48.30. SINA Corp (NASDAQ:SINA) year to date (YTD) performance is -43.92%.
Sohu.com Inc (NASDAQ:SOHU) wants to reintroduce “The Big Bang Theory” in China as it discusses with the government how online video companies can broadcast U.S. programs after four shows were halted last month. The government is reviewing the plans and may issue new regulations this year concerning Chinese video sites’ importing of overseas shows, Chief Executive Officer Charles Zhang said in an interview yesterday. The shows may reappear within months, he said. Sohu.com Inc (NASDAQ:SOHU) ended the last trading day at $57.49. Company weekly volatility is calculated as 3.74% and price to cash ratio as 1.93. Sohu.com Inc (NASDAQ:SOHU) showed a positive weekly performance of 3.16%.
On May 14,Chinese Internet giant Tencent Holdings Ltd (OTCMKTS:TCTZD) said its first-quarter net profit rose 60% from a year earlier on improved revenue from online games. Tencent said its net profit for the three months ended March 31 rose to CNY6.46 billion ($1.04 billion) from CNY4.04 billion a year earlier. Analysts, according to Thomson Reuters, expected a first-quarter profit of CNY4.86 billion. Revenue rose 36% to CNY18.40 billion from CNY13.55 billion, beating analysts’ expectations for CNY18.17 billion. Tencent Holdings Ltd (OTCMKTS:TCTZD) On last trading day company shares ended up $14.48.
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