Baidu Inc (ADR) (NASDAQ:BIDU) has been focusing on the mobile platform extensively. They have recently launched a payment platform called as Baidu Wallet. This platform will allow users to make payments, transfer money and also access Wealth management services. 2013 has seen the company purchase the app store 91 Wireless for an amount of $1.9 billion. They have also purchased PPS which is an online video platform. Both these platforms are tailor-made for the smartphone market. Baidu Inc (ADR) (NASDAQ:BIDU) shares after opening at $164.32 moved to $167.36 on last trade day and at the end of the day closed at $162.91. Company price to sales ratio in past twelve months was calculated as 11.17 and price to cash ratio as 9.24. Baidu Inc (ADR) (NASDAQ:BIDU) showed a positive weekly performance of 4.56%.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) Analyst Notes On April 23, 2014,announced that it has formed a strategic partnership with Sungy Mobile Limited. Qihoo 360 will utilize Sungy Mobile’s international app distribution platform to launch various mobile security and mobile utility applications, comprising of system cleanup and battery management apps, in key markets such as the U.S. According to the Company, through this partnership, more and more overseas users will be able to enjoy the same level of high quality protection and convenience provided by Qihoo 360, along with currently over 500 million Chinese smartphone users. Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares fell -3.22% in last trading session and ended the day on $89.29. QIHU return on equity ratio is recorded as 16.40% and its return on assets is 9.20%. Qihoo 360 Technology Co Ltd (NYSE:QIHU) yearly performance is 163.00%.
Sohu.com Inc. (NASDAQ:SOHU), China’s leading online media, search, gaming, community and mobile service group, reported unaudited financial results for the first quarter ended March 31, 2014. Total revenues were US$365 million, up 19% year-over-year and down 5% quarter-over-quarter.Brand advertising revenues were US$111 million, up 38% year-over-year and down 10% quarter-over-quarter. Sohu.com Inc (NASDAQ:SOHU) shares moved down -2.46% in last trading session and was closed at $58.00, while trading in range of $57.59-$60.43. Sohu.com Inc (NASDAQ:SOHU) year to date performance is -20.47%.
Weibo Corp (ADR) (NASDAQ:WB) soared high in the market after its IPO release. The IPO for the stock was priced at $17. The company’s stock is currently trading at $20.44 after touching a low of $16.4 during earlier trading session. Weibo was successful in selling a total of 16.8 million shares for a total amount of $268 million. The company presently is being valued at $4 billion. Weibo Corp (ADR) (NASDAQ:WB) weekly performance is -5.09%. On last trading day company shares ended up $19.21. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average is -10.94%. Analysts mean target price for the company is $25.00.
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