New York Stock Exchange-listed Chinese security software firm Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) says it has agreed to acquire a controlling stake in Shanghai MediaV Advertising, a Chinese precision advertising platform, according to an announcement made by Qihoo. Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares fell -2.72% in last trading session and ended the day on $80.00. Gross Margin is 86.90% and its return on assets is 9.20%. Qihoo 360 Technology Co Ltd (NYSE:QIHU) quarterly performance is -19.95%.
Baidu Inc (ADR) (NASDAQ:BIDU)’s shares dropped 1.08% to $158.15. The company announced the launch of its global PowerUP campaign. Beginning May 13th, Baidu PowerUP will kick off with an online sweepstakes campaign, and will conclude in June in the form of live events in select cities around the globe. Baidu Inc (ADR) (NASDAQ:BIDU) shares moved down -0.40% in last trading session and was closed at $155.39 , while trading in range of $152.08 – $156.72. Baidu Inc (ADR) (NASDAQ:BIDU) year to date (YTD) performance is -12.64%.
SINA Corporation (NASDAQ:SINA), a leading online media company serving China and the global Chinese communities, will announce its unaudited financial results for the first quarter 2014 after the close of market on Wednesday, May 21, 2014. Following the announcement, SINA’s management team will host a conference call from 10:10 p.m. -10:50 p.m. Eastern Time on May 21, 2014 (or 10:10 a.m. -10:50 a.m. Beijing Time on May 22, 2014) to present an overview of the Company’s financial performance and business operations. SINA Corp (NASDAQ:SINA) ended the last trading day at $47.52. Company weekly volatility is calculated as 2.77% and price to cash ratio as 1.68. SINA Corp (NASDAQ:SINA) showed a positive weekly performance of 0.30%.
China Telecom (NYSE:CHA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Thursday, Analyst Ratings News reports. They currently have a $50.00 target price on the stock. Zacks‘s target price indicates a potential downside of 3.88% from the company’s current price. China Telecom Corporation Limited (ADR) (NYSE:CHA) net profit margin is 9.70% and weekly performance is -5.01%. On last trading day company shares ended up $51.04. Analysts mean target price for the company is $55.34. China Telecom Corporation Limited (ADR) (NYSE:CHA) distance from 50-day simple moving average (SMA50) is 10.94%.