Hot Watch List: Baidu (NASDAQ:BIDU), SINA Corp (NASDAQ:SINA), Qihoo 360 Technology Co Ltd (NYSE:QIHU), Weibo (NASDAQ:WB), Tencent Holdings Ltd (OTCMKTS: TCTZF)

On 17 JUNE Baidu Inc (ADR) (NASDAQ:BIDU) announced that its PC software Baidu Antivirus ranked first place in AV-Comparatives’ May 2014 performance test among 20 top antivirus programs, earning it the Advanced+ award. Baidu Inc (ADR) (NASDAQ:BIDU) net profit margin is 30.90% and weekly performance is 2.98%. On last trading day company shares ended up $189.96. Analysts mean target price for the company is $1288.55. Baidu Inc (ADR) (NASDAQ:BIDU) distance from 50-day simple moving average (SMA50) is 13.89%.

On 30 JUNE SINA Corp (NASDAQ:SINA) reported net revenues of $171.5 million, compared to $126.0 million for the same period last year. Non-GAAP net revenues totaled $167.3 million, compared to $121.3 million for the same period last year. Online advertising revenues were $135.7 million, compared to $94.3 million for the same period last year. This was due to the robustness of Weibo’s advertising and marketing business as well as the growth of SINA’s portal advertising business. SINA Corp (NASDAQ:SINA) shares advanced 1.62% in last trading session and ended the day on $50.71. SINA Gross Margin is 60.90% and its return on assets is 1.00%. SINA Corp (NASDAQ:SINA) quarterly performance is -17.88%.

On 26 JUNE Qihoo 360 Technology Co Ltd (NYSE:QIHU) said it plan to buy into Tian Ge. Its variable-interest entity (VIE) owns a 49% stake in one of Tian Ge’s subsidiaries, according to the listing prospectus of the live social video platform. Chinese companies seeking to sell shares outside China use the structure to circumvent Chinese government restrictions on foreign ownership of businesses in sensitive industries, including telecommunications and Internet-related businesses. Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares moved up 1.70% in last trading session and was closed at $96.66, while trading in range of $95.44 – $99.57. Qihoo 360 Technology Co Ltd (NYSE:QIHU) year to date (YTD) performance is 17.81%.

On 11 JUNE Weibo Corp (ADR) (NASDAQ:WB) said it raised $286 million in its initial public offering on the Nasdaq Stock Market in April. Chief Executive Wang Gaofei said his company is focused on China and has no immediate plans for expansion overseas. Weibo Corp (ADR) (NASDAQ:WB) ended the last trading day at $22.00. Company weekly volatility is calculated as 3.56% and price to cash ratio as 9.56. Weibo Corp (ADR) (NASDAQ:WB) showed a positive weekly performance of 8.16%.

On 30 JUNE Tencent Holdings Ltd (OTCMKTS: TCTZF) revealed that it reached an agreement to acquire a stake in 58.com, which is a site similar to Craigslist, in a deal that is estimated at $736 million. The move is aimed at reinforcing the company’s positions against rival Alibaba Group Holding Ltd. Tencent Holdings Ltd (OTCMKTS: TCTZF) on last trading day company shares ended up $15.87.