58.com Inc. (ADR) (NYSE:WUBA) China’s largest online marketplace serving local merchants and consumers, announced that it plans to release its unaudited financial results for the first quarter 2014 ended March 31, 2014 before the open of U.S. markets on Thursday, May 22, 2014. 58.com Inc (ADR) (NYSE:WUBA) net profit margin is 1.70% and weekly performance is -1.37%. On last trading day company shares ended up $37.50. Analysts mean target price for the company is $46.32. 58.com Inc (ADR) (NYSE:WUBA) distance from 50-day simple moving average (SMA50) is -15.26%.
YY Inc (ADR) (NASDAQ:YY) posted its financial results, and the company has posted tremendous growth in almost all segments. YY posted its 1Q2014 unaudited financial results. According to the report, 1Q2014 net revenues increased 111.6% to reach RMB666.3 million (US$107.2 million). In 1Q2013, the net revenues were RMB315.0 million. Such an increase happened mainly due to the 127.1% increase in Internet value-added services revenue (IAVS). YY Inc (ADR) (NASDAQ:YY) shares fell -1.34% in last trading session and ended the day on $54.69. Gross Margin is 51.60% and its return on assets is 19.70%. YY Inc (ADR) (NASDAQ:YY) quarterly performance is -19.92%.
Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) a leading Internet company in China, announced its simultaneous signing and closing of definitive agreements to acquire controlling equity interests in MediaV, a leading precision advertising platform for PC and mobile Internet in China. Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares moved down -2.72% in last trading session and was closed at $80.00, while trading in range of $77.48 – $82.52. Qihoo 360 Technology Co Ltd (NYSE:QIHU) year to date (YTD) performance is -2.50%.
TheStreet lowered shares of SINA Corp (NASDAQ:SINA) from a hold rating to a sell rating in a report released on Monday,AnalystRatings Network reports. SINA Corp (NASDAQ:SINA) ended the last trading day at $47.52. Company weekly volatility is calculated as 2.77% and price to cash ratio as 1.68. SINA Corp (NASDAQ:SINA) showed a positive weekly performance of 0.30%.
21Vianet Group, Inc. (NASDAQ:VNET) the largest carrier-neutral Internet data center services provider in China, announced that it plans to release its first quarter 2014 financial results on Thursday, May 22, 2014 after market close. The Company will hold a conference call on Thursday, May 22, 2014 at 8:00 pm Eastern Time, or Friday, May 23, 2014 at 8:00 am Beijing Time to discuss the financial results.21Vianet Group Inc (NASDAQ:VNET) net profit margin is -2.50% and weekly performance is 11.66%. On last trading day company shares ended up $25.86. Analysts mean target price for the company is $32.33. 21Vianet Group Inc (NASDAQ:VNET) distance from 50-day simple moving average (SMA50) is -2.23%.
Leave a Reply