In the latest move, Baidu Inc (ADR) (NASDAQ:BIDU) has poached a top talent from Google Inc as it seeks to globalize its research and development unit. Mr. Andrew Ng, born 1976, is an authority in the world of artificial intelligence. He holds a doctorate degree from the University of California and was part of the team that developed Google Glass and Google Inc’s driverless car. Baidu Inc (ADR) (NASDAQ:BIDU) net profit margin is 30.60% and weekly performance is 1.39%. On last trading day company shares ended up $165.81. Analysts mean target price for the company is $1318.29. Baidu Inc (ADR) (NASDAQ:BIDU) distance from 50-day simple moving average is 5.62%.
On May 19, 2014 Shanda Games Limited (NASDAQ:GAME), a leading online game developer, operator and publisher in China, has been informed by Shanda Interactive Entertainment Limited (“Shanda Interactive”), the controlling shareholder of Shanda Games, that CAP IV Engagement Limited, an affiliate of Carlyle Asia Partners IV, L.P., entered into an adherence agreement on May 19, 2014 to become a party to the consortium agreement dated as of January 27, 2014 among Shanda Interactive, Primavera Capital (Cayman) Fund I L.P., an affiliate of Primavera Capital Limited, Perfect World Co., Ltd. (which became a party on April 18, 2014 by entering into an adherence agreement) and FV Investment Holdings ()April 25, 2014 by entering into an adherence agreement), an affiliate of FountainVest Partners, and participate as a new member of the consortium (the “Consortium”) in the proposed “going private” transaction with respect to Shanda Games. Shanda Games Limited(ADR) (NASDAQ:GAME) shares fell -0.30% in last trading session and ended the day on $6.67. GAME Gross Margin is 73.90% and its return on assets is 25.40%. Shanda Games Limited (ADR) (NASDAQ:GAME) quarterly performance is 0.76%.
China Telecom Corporation Limited (ADR) (NYSE:CHA) is pleased to announce that the Company has been voted again by institutional investors and analysts for four consecutive years as “Overall Best Managed Company in Asia” in FinanceAsia’s 14th annual poll of Asia’s top performing companies. This award was another remarkable accolade by the capital market for the Company’s management excellence, following the honour of “Asia’s No.1 Best Managed Company” awarded by Euromoney, another international reputable financial magazine, earlier this year. China Telecom Corporation Limited (ADR) (NYSE:CHA) shares moved up 1.04% in last trading session and was closed at $50.70, while trading in range of $50.51-$50.89. China Telecom Corporation Limited (ADR) (NYSE:CHA) year to date performance is 0.26%.
A number of research firms have recently commented on CYOU. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Changyou.Com in a research note on Monday, April 28th. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) ended the last trading day at $27.00. Company weekly volatility is calculated as 2.68% and price to cash ratio as 3.48. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) showed a positive weekly performance of 3.85%.
SINA Corp had its price target lowered by analysts at Pacific Crest from $88.00 to $75.00. They now have an “outperform” rating on the stock. SINA Corp (NASDAQ:SINA) net profit margin is 3.50% and weekly performance is 4.16%. On last trading day company shares ended up $44.81. Analysts mean target price for the company is $71.91. SINA Corp (NASDAQ:SINA) distance from 50-day simple moving average is -15.25%.