SINA Corp (NASDAQ:SINA) has been handed the toughest punishment yet in the country’s latest crackdown on porn, after Beijing authorities fined the online giant 5.1 million yuan (€590,000) and removed some of its publication licences. Sina owns Sina Weibo, China’s version of the banned Twitter, and the fine comes days after Weibo went public in an IPO in New York. SINA Corp (NASDAQ:SINA) shares after opening at $48.01 moved to $48.79 on last trade day and at the end of the day closed at $47.48 . Company price to sales ratio in past twelve months was calculated as 4.71 and price to cash ratio as 1.68. SINA Corp (NASDAQ:SINA) showed a negative weekly performance of -2.20%.
Weibo Corp (ADR) (NASDAQ:WB) is facing a big challenge as Chinese users have begun to spend more time on the wildly popular messaging service WeChat. Weibo went public last month by raising $286 million. The microblogging site’s parent company Sina Corp (NASDAQ:SINA) has admitted that the time spent on Weibo has been declining due to fierce competition from WeChat. Weibo Corp (ADR) (NASDAQ:WB) shares fell -5.97% in last trading session and ended the day on $18.57. WB return on equity ratio is recorded as 79.40% and its return on assets is -38.40%.
Yandex NV (NASDAQ:YNDX) jumped 6.58% after the company recently reported quarter first earnings that were in line with the analysts expectations. Yandex reported healthy growth and maintained its full year revenue guidance. Profitability was lower due to the front-loading of costs in Q1 and higher TAC. Yandex looks increasingly attractive at current valuations for long-term investment. Yandex NV (NASDAQ:YNDX) shares moved up 0.63% in last trading session and was closed at $27.01 while trading inrange of $26.81 – $27.40. Yandex NV (NASDAQ:YNDX) year to date (YTD) performance is -37.40%.
Maxim Group reissued their sell rating on shares of Youku Tudou Inc (ADR) (NASDAQ:YOKU) in a research note released on Thursday morning, Analyst Ratings Net reports. They currently have a $18.00 target price on the stock, down from their previous target price of $24.00. They currently have a $18.00 target price on the stock, down from their previous target price of $24.00. Youku Tudou Inc (ADR) (NYSE:YOKU) weekly performance is -4.41%. On last trading day company shares ended up $21.70. Youku Tudou Inc (ADR) (NYSE:YOKU) distance from 50-day simple moving average (SMA50) is -22.33%. Analysts mean target price for the company is $186.28.
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