NetEase, Inc. (NASDAQ:NTES) on 23 may 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. NetEase, Inc. (ADR) (NASDAQ:NTES) net profit margin is 47.90% and weekly performance is 0.20%. On last trading day company shares ended up $71.47. Analysts mean target price for the company is $79.70. NetEase, Inc. (ADR) (NASDAQ:NTES) distance from 50-day simple moving average (SMA50) is 4.25%.
YY Inc. (NASDAQ:YY) recently launched its educational platform (100.com) and has received positive feedback from both students and teachers. Traditionally, the company focused on providing online music and broadcasting services to the public, but has now expanded its offering to include education. YY Inc. (ADR) (NASDAQ:YY) shares advanced 2.29% in last trading session and ended the day on $65.15. YY gross Margin is 51.60% and its return on assets is 19.80%.YY Inc. (ADR) (NASDAQ:YY) quarterly performance is -13.13%.
Youku Tudou Inc (NASDAQ:YOKU)‘s stock had its “outperform” rating reaffirmed by research analysts at Macquarie in a report released on Tuesday. They currently have a $30.00 price target on the stock, down from their previous price target of $36.00. Macquarie’s price target indicates a potential upside of 50.08% from the company’s current price. Youku Tudou Inc. (ADR) (NYSE:YOKU) shares moved up 0.20% in last trading session and was closed at $20.03, while trading in range of $19.97 – $20.48. Youku Tudou Inc. (ADR) (NYSE:YOKU) year to date (YTD) performance is -33.89%.
China’s failing Facebook Renren Inc. (NYSE:RENN) reported a rare profitable quarter this week, thanks to capital gain from short-term investments and equity stake sale. The last time Renren reported net profit was the fourth quarter of 2011. Renren reported $24.9 million revenue, down 19% from a quarter ago and 40% from a year ago. Gross margin dropped 7.2 percentage poitns to 35%. But Renren reported net profit of $36.1 million, thanks to $27.1 million gain on short-term investments and $57.1 million gain on sale of remaining stake of Nuomi. Renren Inc. (NYSE:RENN) ended the last trading day at $3.46. Company weekly volatility is calculated as 6.12% and price to cash ratio as 1.30.Renren Inc. (NYSE:RENN) showed a positive weekly performance of 9.15%.
Struggling cosmetics manufacturer, Avon Products (NYSE:AVP), signed an agreement with Coty Inc. to sell the company’s fragrance products in Brazil through Avon’s 1.5 million representative network. [1] Although the actual revenue sharing terms have not been made public, we expect Avon representatives to derive earnings on a commission basis from the sale of Coty fragrances. The partnership is expected to benefit both parties, with Avon expanding its sales and brand presence in the Brazilian fragrance market and Coty expanding its geographical reach into Brazil. Avon Products, Inc. (NYSE:AVP) net profit margin is -2.30% and weekly performance is 4.58%. On last trading day company shares ended up $14.40. Analysts mean target price for the company is $16.29. Avon Products, Inc. (NYSE:AVP) distance from 50-day simple moving average (SMA50) is 0.45%.