Weibo Corp (ADR) (NASDAQ:WB) the micro-blogging website based out of China, on 23 may has reported more than double net loss in 1Q, 2014. The company has the backing of the Alibaba group. Its main target is the 618 million strong active internet users in the country. This group is now looking at using their tablets and smartphones as the primary method of communication. Wang Gaofei, WB’s chief executive said that they were investing in the development of new products as well as marketing in response to the competition posed by WeChat based in Taiwan. Weibo Corp (ADR) (NASDAQ:WB) net profit margin is -74.70% and weekly performance is 2.60%. On last trading day company shares ended up $18.52. Analysts mean target price for the company is $25.00. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is -4.68%.
Baidu Inc (ADR) (NASDAQ:BIDU), China’s leading provider of Internet search engine, is leaving nothing to chance in its efforts to expand revenue and profits. The company has already registered numerous business successes since its founding, and it believes its best moments are still ahead. As such, the company has put its best foot forward to creating meaningful value for the shareholders. Baidu Inc. (ADR) (NASDAQ:BIDU) shares fell -1.01% in last trading session and ended the day on $165.81. BIDU gross Margin is 62.40% and its return on assets is 15.30%.Baidu Inc. (ADR) (NASDAQ:BIDU) quarterly performance is -3.00%.
Diageo plc (ADR) (NYSE:DEO) was downgraded by stock analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, American Banking and Market News reports. Diageo plc (ADR) (NYSE:DEO) shares moved up 0.80% in last trading session and was closed at $128.79, while trading in range of $128.38 – $129.24. Diageo plc (ADR) (NYSE:DEO) year to date (YTD) performance is -1.73%.
Chinese online retailer and marketplace operator Dangdang Inc. (ADR) (NYSE:DANG) had a successful first quarter. Dangdang, No. 10 in the Internet Retailer China 500, which got its start selling books online, since last year has been expanding its categories by allowing other retailers to sell on its site. The retailer’s shares trade on the New York Stock Exchange and the company’s market value is currently $802 million. E Commerce China Dangdang Inc. (ADR) (NYSE:DANG) ended the last trading day at $10.02. Company weekly volatility is calculated as 5.17% and price to cash ratio as 4.17.E Commerce China Dangdang Inc. (ADR) (NYSE:DANG) showed a positive weekly performance of 2.98%.
T-Mobile’s German parent company, Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) wants to make a grand entrance in the U.S. home automation market, a space that has heated up considerably in the past few years. On last trading day company shares ended up $16.80.