Youku Tudou Inc. (ADR) (NYSE:YOKU) China’s leading Internet television company (“Youku Tudou”), will report its first quarter 2014 unaudited financial results on Thursday, May 22, 2014, after the close of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 9:00 p.m. U.S. Eastern Time, May 22, 2014 (9:00 a.m. Beijing / Hong Kong time, May 23, 2014). Youku Tudou’s management will be on the call to discuss the quarterly results and answer questions. Youku Tudou Inc (ADR) (NYSE:YOKU) net profit margin is -19.20% and weekly performance is -1.17%. On last trading day company shares ended up $21.05. Analysts mean target price for the company is $188.02. Youku Tudou Inc (ADR) (NYSE:YOKU) distance from 50-day simple moving average (SMA50) is -18.52%.
Baidu Inc (ADR) (NASDAQ:BIDU)’s shares dropped 0.71% to $153.68. The company on May 16 announced the appointment of pioneering Artificial Intelligence (AI) researcher Andrew Ng as Chief Scientist of Baidu. Mr. Ng will lead Baidu Research, with labs in Beijing and Silicon Valley. Baidu made the announcement at the grand opening of its U.S. R&D Center in Sunnyvale, California. The new facility adds research to Baidu’s existing development capabilities in Silicon Valley. Baidu Inc (ADR) (NASDAQ:BIDU) shares advanced 1.86% in last trading session and ended the day on $157.65. Gross Margin is 62.40% and its return on assets is 15.30%. Baidu Inc (ADR) (NASDAQ:BIDU) quarterly performance is -9.29%.
Weibo Corp (ADR) (NASDAQ:WB) a leading social media platform for people to create, distribute and discover Chinese-language content, will announce its unaudited financial results for the first quarter 2014 after the close of market on 9:00pm, May 21, 2014. Following the announcement, Weibo’s management team will host a conference call from 9p.m. –10p.m. Eastern Time on May 21, 2014 (or 9a.m. –10a.m. Beijing Time on May 22, 2014) to present an overview of the Company’s financial performance and business operations. Weibo Corp (ADR) (NASDAQ:WB) shares moved down -1.01% in last trading session and was closed at $19.55, while trading in range of $19.41 – $19.98. Weibo Corp (ADR) (NASDAQ:WB) year to date (YTD) performance is -3.41%.
On May 14, NetEase, Inc (ADR) (NASDAQ:NTES) one of China’s leading Internet and online game services providers, announced its unaudited financial results for the first quarter ended March 31, 2014. Total revenues for the first quarter of 2014 were RMB2,519.0 million (US$405.2 million), compared to RMB2,585.1 million and RMB2,258.0 million for the preceding quarter and the first quarter of 2013, respectively.Gross profit for the first quarter of 2014 was RMB1,707.7 million (US$274.7 million), compared to RMB1,727.2 million and RMB1,546.1 million for the preceding quarter and the first quarter of 2013, respectively. NetEase, Inc (ADR) (NASDAQ:NTES) ended the last trading day at $70.70. Company weekly volatility is calculated as 2.96% and price to cash ratio as 3.01. NetEase, Inc (ADR) (NASDAQ:NTES) showed a negative weekly performance of -1.08%.
Gamesa Corporacion Tecnologica SA (OTCMKTS:GCTAF) through its Chinese subsidiary Gamesa Wind Tianjin Co, Ltd., has signed a contract with the company CGN Wind Energy -subsidiary of the Chinese group General Nuclear Power Group- for the supply of fifty (50) wind turbines of the platform G97-2,0 MW, with a total power of one hundred (100) megawatts (MW).
The 50 wind turbines will be installed in one (1) wind farm that CGN Wind Energy is developing in the country. Gamesa Corporacion Tecnologica SA (OTCMKTS:GCTAF) On last trading day company shares ended up $10.52.