Youku Tudou Inc (ADR) (NYSE:YOKU) China’s leading Internet television company (“Youku Tudou” or the “Company”), announced that it has entered into definitive agreements with a joint investment vehicle of Alibaba Group Holding Limited (“Alibaba”) and Yunfeng Capital, pursuant to which Alibaba and Yunfeng Capital, through the joint investment vehicle, will invest an aggregate of approximately US$1.22 billion to purchase a number of Class A ordinary shares from the Company, which we estimate will be 707,250,870 newly issued shares, and 13,869,990 existing Class A ordinary shares, at a purchase price of US$1.6944 per share, corresponding to US$30.50 per American Depositary Share of the Company, each representing 18 Class A ordinary shares. Youku Tudou Inc (ADR) (NYSE:YOKU) shares after opening at $24.06 moved to $24.51 on last trade day and at the end of the day closed at $24.14 . Company price to sales ratio in past twelve months was calculated as 8.35 and price to cash ratio as 7.95. Youku Tudou Inc (ADR) (NYSE:YOKU) showed a negative weekly performance of -7.23%.
Sohu.com Inc. (NASDAQ:SOHU), which operates one of China’s most popular Web portals, said Monday it lost $79 million in the latest quarter due to higher expenses as its games and mobile businesses expanded.Sohu.com Inc (NASDAQ:SOHU) shares fell -2.46 % in last trading session and ended the day on $58.00. SOHU return on equity ratio is recorded as -1.20% and its return on assets is -0.60%. Sohu.com Inc (NASDAQ:SOHU) yearly performance is 15.31%.
Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) surged 9.07% after the company announced that the U.S. Food and Drug Administration (FDA) granted accelerated approval of NORTHERATM (droxidopa) for the treatment of symptomatic neurogenic orthostatic hypotension (NOH). NORTHERA is the first and only therapy approved by the FDA which demonstrates symptomatic benefit in patients with NOH. Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) shares moved up 3.92% in last trading session and was closed at $5.04 while trading in range of $4.65 – $5.45 – Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) year to date (YTD) performance is 13.77%.
E-Commerce China Dangdang Inc. (ADR) (NYSE:DANG) a leading business-to-consumer e-commerce company in China, announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2013 with the Securities and Exchange Commission. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) weekly performance is -8.88%. On last trading day company shares ended up $11.39. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) distance from 50-day simple moving average (SMA50) is -16.53%. Analysts mean target price for the company is $13.69.