On May 27, SouFun Holdings Ltd (NYSE:SFUN), the China based leading real estate internet portal, announced its first quarter’s financial balance sheet on May 7, 2014. The unaudited economic report for the quarter ended on March 31, 2014. However, it should be stated that the company’s first quarter revenue leaped significantly. The revenue generated from the marketing services in 1Q2104 was $47 million, 31.2% hike from the prior year. SouFun Holdings Ltd (NYSE:SFUN) net profit margin is 46.80% and weekly performance is 2.66%. On last trading day company shares ended up $11.97. Analysts mean target price for the company is $17.54. SouFun Holdings Ltd (NYSE:SFUN) distance from 50-day simple moving average is -7.44%.
On May 20,2014 Taomee Holdings Ltd. (NYSE:TAOM) reported Q1 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $11.7 million versus the consensus estimate of $11.28 million. Taomee Holdings Ltd (ADR) (NYSE:TAOM) shares advanced 1.49% in last trading session and ended the day on $4.76. TAOM Gross Margin is 72.60% and its return on assets is 4.10%. Taomee Holdings Ltd (ADR) (NYSE:TAOM) quarterly performance is -22.09%.
BofA/Merrill Lynch downgraded Renren Inc (NYSE:RENN) from Neutral to Underperform and cut its price target to $2.80 from $3.60. Renren Inc (NYSE:RENN) shares moved down -2.31% in last trading session and was closed at $3.38, while trading in range of $3.35-$3.47. Renren Inc (NYSE:RENN) year to date performance is 10.82%.
Perfect World Co. (NASDAQ:PWRD) had its price objective reduced by Barclays from $25.00 to $23.00 in a report released on Thursday. Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) ended the last trading day at $18.52. Company weekly volatility is calculated as 3.28% and price to cash ratio as 2.27. Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) showed a positive weekly performance of 6.99%.
Tencent Holdings Ltd (OTCMKTS:TCTZD) On last trading day company shares ended up $14.18.