Weibo Corp (ADR) (NYSE:WB) was downgraded by stock analysts at WallachBeth Capital from a “buy” rating to a “hold” rating in a report issued on Tuesday, AnalystRatingsNetwork. Weibo Corp (ADR) (NASDAQ:WB) net profit margin is -74.70% and weekly performance is 8.02%. On last trading day company shares ended up $20.06. Analysts mean target price for the company is $25.00. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is 2.13%.
Renren Inc. (NYSE:RENN) , a leading real name social networking Internet platform in China announced that it will report its unaudited financial results for the first quarter 2014 on Wednesday, May 21, 2014 Renren Inc. (NYSE:RENN) shares advanced 0.30% in last trading session and ended the day on $3.30. RENN gross Margin is 58.80% and its return on assets is 5.10%.Renren Inc. (NYSE:RENN) quarterly performance is -3.51%.
Ku6 Media Co., Ltd. (NASDAQ:KUTV) announced that on May 1, 2014, the Company received a letter from The Nasdaq Stock Market LLC stating that it was no longer in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not filed its annual report on Form 20-F for the period ended December 31, 2013. Ku6 Media Co Ltd (ADR) (NASDAQ:KUTV) shares moved down -1.27% in last trading session and was closed at $1.55, while trading in range of $1.52 – $1.66. Ku6 Media Co Ltd (ADR) (NASDAQ:KUTV) year to date (YTD) performance is -45.04%.
Tencent Holdings Ltd (OTCMKTS:TCTZF) has bought an 11.3% stake in Chinese online maps provider NavInfo for $187M. On last trading day company shares ended up $65.60.
China Finance Online Co. Limited (NASDAQ:JRJC), a technology-driven, and user-focused market leader in China providing vertically integrated financial information and services 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 May 6, 2014. China Finance Online Co. (ADR) (NASDAQ:JRJC) ended the last trading day at $3.21. Company weekly volatility is calculated as 11.60% and price to cash ratio as 2.28.
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