Investor’s ALert – Baidu Inc (ADR) (NASDAQ:BIDU), China Telecom Corporation (NYSE:CHA), China Mobile (NYSE:CHL), Qihoo 360 Technology (NYSE:QIHU)

Companies looking to do businesses in China often stumble because they don’t understand the local market, said Baidu Inc (ADR) (NASDAQ:BIDU) CEO Robin Li, operator of China’s largest search engine. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened at $178.90 in last session, and closed at $179.66, while the day range of stock is $176.61 – $180.22. The stock showed a positive weekly performance of 2.50%.

China Telecom Corporation Limited (ADR) (NYSE:CHA) slashed prices for the iPhone 5S on Monday, in reaction to the Apple-China Mobile alliance. A 16-gigabyte iPhone 5S with a monthly minimum service fee of 189 yuan ($31.23) now costs just 4,488 yuan, 800 yuan less than before, while the same handset with a monthly minimum of 289 yuan now costs 4,000 yuan, 1,288 yuan less than before. China Telecom Corporation Limited (ADR) (NYSE:CHA) stock opened at $47.74, in last session and closed at $47.99, by gaining 2.06%. The 52 week range of the stock is $44.94 -$57.43. Company’s market capitalization is $38.84 billion.

Mobile video contest G Ke G Pai, held annually by telecommunication company China Mobile Ltd. (ADR) (NYSE:CHL) broke new records in 2013 with 110 million yuan in mobile box office sales. A new record in China was also broken when a single title, alone, garnered more than 5 million yuan from mobile video-on-demand sales. China Mobile Ltd. (ADR) (NYSE:CHL) stock advanced 1.39% and finished the last session at $50.50. The EPS of the stock remained 5.29. Company’s market capitalization is $203.01 billion.

Qihoo 360 Technology (NASDAQ:QIHU) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock opened the session at $81.42, and closed the session at $81.04. The 52 week range of the stock remained $27.76 – $96.74 and the day range was $79.99 – $82.19.