NetEase, Inc (ADR) (NASDAQ:NTES) announced that, according to Internet research firm iResearch, the NetEase Mobile News application was the No. 1 mobile news application used by consumers in China in terms of time spent. According to iResearch data, users in China spent a daily aggregate average of 600 million minutes using mobile news applications on the iOS and Android platforms in March 2014, a figure that has doubled since the same period in the previous year. NetEase, Inc (ADR) (NASDAQ:NTES) net profit margin is 47.90% and weekly performance is 0.52%. On last trading day company shares ended up $71.04. Analysts mean target price for the company is $79.70. NetEase, Inc (ADR) (NASDAQ:NTES) distance from 50-day simple moving average (SMA50) is 3.68%.
On May 5, 2014, (YY Inc (ADR) (NASDAQ:YY) announced its unaudited financial results for the first quarter ended March 31, 2014. Net revenues increased by 111.6% to RMB666.3 million (US$107.2 million) from RMB315.0 million in the corresponding period of 2013, primarily driven by a 127.1% increase in revenues from internet value-added services, or IVAS revenues. Net income attributable to YY Inc. increased by 187.2% to RMB183.6 million (US$29.5 million) from RMB63.9 million in the corresponding period of 2013. YY Inc (ADR) (NASDAQ:YY) shares advanced 1.83% in last trading session and ended the day on $63.37. YY Gross Margin is 51.60%and its return on assets is 19.80%. YY Inc (ADR) (NASDAQ:YY) quarterly performance is -6.69%.
Jiayuan.com International Ltd (NASDAQ:DATE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Jiayuan.com International Ltd (NASDAQ:DATE) shares moved up 5.35% in last trading session and was closed at $5.51, while trading in range of $5.19 – $5.59. Jiayuan.com International Ltd (NASDAQ:DATE) year to date (YTD) performance is -5.00%.
On 22 May MeetMe Inc (NASDAQ:MEET) announced that the Company will present at Cowen and Company’s 42nd Annual Technology, Media & Telecom Conference on Wednesday, May 28, 2014 at 9:30 a.m. Eastern Time. T MeetMe Inc (NASDAQ:MEET) shares moved up 1.02% in last trading session and were closed at $1.98, while trading in range of $1.92 – $2.02. MeetMe Inc (NASDAQ:MEET) year to date (YTD) performance is 8.20%.
China Mobile to Boost Content as Tencent Holdings Ltd (OTCMKTS:TCTZD)’s WeChat Eats Texts. Tencent Holdings Ltd (OTCMKTS:TCTZD) shares moved down -1.63% in last trading session and was closed at $14.48, while trading in range of $14.45 – $14.71.
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