Weibo Corp (ADR) (NASDAQ:WB) executives on Thursday toasted the Chinese social media firm’s debut at Nasdaq’s New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail. Weibo Corp (ADR) (NASDAQ:WB) shares after opening at $16.27 moved to $24.48on last trade day and at the end of the day closed at $20.24.
Joseph Chen, CEO of Renren, Inc (NYSE:RENN) the operator of a Facebook-like social networking site in China, says he is not influenced by the performance of the company’s share price, which has plunged nearly 80 percent over the past three years. Renren Inc (NYSE:RENN) shares advanced 1.19% in last trading session and ended the day on $3.39. RENN return on equity ratio is recorded as 5.50% and its return on assets is 5.10%. Renren Inc (NYSE:RENN) yearly performance is 24.63%.
Equities researchers at Standpoint Research started coverage on shares of Yandex NV (NASDAQ:YNDX) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. Yandex NV (NASDAQ:YNDX) shares moved up 6.62% in last trading session and was closed at $29.95 while trading in range of $27.75 – $30.45 – Yandex NV (NASDAQ:YNDX) year to date (YTD) performance is -30.59%.
Youku Tudou Inc. (NYSE:YOKU), China’s leading Internet television company announced that the Company has filed its annual report on Form 20-F that includes its audited financial statements for three years endedDecember 31, 2013 with the Securities and Exchange Commission on April 16, 2014. The annual report is available on the Company’s website at ir.youku.com. Youku Tudou Inc (ADR) (NYSE:YOKU) weekly performance is 3.38%. On last trading day company shares ended up $26.02. Youku Tudou Inc (ADR) (NYSE:YOKU) distance from 50-day simple moving average (SMA50) is -11.41%. Analysts mean target price for the company is $191.23.