China’s Baidu Inc, (ADR) (NASDAQ:BIDU) the country’s biggest search engine, has formed a partnership to apply for a private banking license, Robin Li, Baidu’s chief executive, said on the sidelines of China’s annual parliament on Friday. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened at $175.47 in last session, and closed at $184.64, while the day range of stock is $175.01 – $186.00. The stock showed a negative weekly performance of -0.53%.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) gained 3% ahead of its earnings report after the close. The China-based firm provides Internet and mobile security products and also operates a search engine that’s steadily been taking share from Baidu. Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock opened at $119.00, in last session and closed at $121.53, by gaining 4.16%. The 52 week range of the stock is $27.76 – $123.43. Company’s market capitalization is $29.84 billion.
Shares of SINA Corp (NASDAQ:SINA) rose more than 10% early Thursday, then settled to close up around 8.5% following reports an IPO of its Weibo microblogging site could come soon. SINA Corp (NASDAQ:SINA) stock advanced 8.51% and finished the last session at $73.44. The EPS of the stock remained 0.64. Company’s market capitalization is $4.89 billion.
Sohu.com Inc. (NASDAQ:SOHU), China’s leading online media, search, gaming, community and mobile service group, announced that Ms. Belinda Wang, Co-President and Chief Operating Officer, has resigned from the Company for personal reasons, effective March 31, 2014. Sohu.com Inc (NASDAQ:SOHU) stock opened the session at $85.06, and closed the session at $83.70. The 52 week range of the stock remained $43.24 – $87.68 and the day range was $83.50 – $87.68.
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