58.com Inc. (NYSE:WUBA) on 23 April announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2013 with the Securities and Exchange Commission on April 23, 2014. 58.com Inc. (ADR) (NYSE:WUBA) net profit margin is 1.70% and weekly performance is -7.96%. On last trading day company shares ended up $39.34. 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 -12.47%.
Qihoo 360 Technology Co (NASDAQ:QIHU) was upgraded by BNP Paribas from a “hold” rating to a “buy” rating in a research note issued on Monday, ARN reports. Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares advanced 8.08% in last trading session and ended the day on $83.98. QIHU gross Margin is 86.90% and its return on assets is 9.20%.Qihoo 360 Technology Co Ltd (NYSE:QIHU) quarterly performance is -14.29%.
YY Inc (ADR) (NASDAQ:YY) is a renowned social platform company based in China that helps its users connect and communicate by the virtue of the text, voice or video. The Cofounder and CEO, David Xueling Li, announced the economic statistics at the end of the first quarter on May 5, 2014. The total revenue garnered is $107.2 million that is 111.6% more than the past year. Net income too was up in Q1 by almost 187%, close to RMB183.6 million! At the end of Q12013, YY had registered a net income of RMB63.9 million; incidentally within a year’s time, income has increased rampantly and almost three-folds! YY Inc. (ADR) (NASDAQ:YY) shares moved up 7.23% in last trading session and was closed at $56.67, while trading in range of $53.80 – $57.77. YY Inc. (ADR) (NASDAQ:YY) year to date (YTD) performance is 12.71%.
Baidu Inc. (NASDAQ:BIDU)’s IQiyi video website plans to hold an initial public offering within three years as it competes with Youku Tudou Inc. (YOKU) for China’s 618 million Internet users seeking movies and TV shows online. Baidu Inc. (ADR) (NASDAQ:BIDU) ended the last trading day at $159.88. Company weekly volatility is calculated as 4.00% and price to cash ratio as 8.83.Baidu Inc. (ADR) (NASDAQ:BIDU) showed a positive weekly performance of 0.09%.
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