xJD.Com Inc (ADR) (NASDAQ:JD) is a holding company which is known for its online direct sales. JD is known to be a strong Chinese e-commerce platform, and it is now alluring more customers, shareholders and investors towards it by joining hands with Alibaba. Including Alibaba in its team, surely, will further boost JD’s revenues and will bring this company even nearer to profitability. Already JD is doing very well, and we say so because even with $11.5 billion in its revenue for the fiscal year 2013, the company announced a net loss of $8 million. This addition also will strengthen its credibility and brand name as IPO. Along with this, JD also joined hands with Tencent, just to add more fuel to its revenue. JD.Com Inc. (ADR) (NASDAQ:JD) weekly performance is 5.39%. On last trading day company shares ended up $27.17. Analysts mean target price for the company is $24.50. JD.Com Inc. (ADR) (NASDAQ:JD) distance from 50-day simple moving average (SMA50) is 9.67%.
NQ Mobile Inc. (ADR) (NYSE:NQ) on June 10 announced that it has entered into a definitive agreement to sell a minority interest in its wholly owned subsidiary, Beijing NationSky Network Technology, Inc. (“NationSky”). Specifically, NQ Mobile has signed a definitive agreement to sell 3.40% of NationSky for $18 million, at a pre-money valuation of $500 million or post-money valuation of $530 million, to Beijing Guorun Qilian Venture Capital Center (LP). NQ Mobile Inc. (ADR) (NYSE:NQ) shares fell -5.03% in last trading session and ended the day on $7.74. NQ gross Margin is 63.50% and its return on assets is 2.40%.NQ Mobile Inc. (ADR) (NYSE:NQ) quarterly performance is -58.36%.
China Finance Online Co. Limited (NASDAQ:JRJC), a technology-driven, and user-focused market leader in China providing vertically integrated financial information and services, on 9 May announced that it expects to report net revenues of $21.0 million for the first quarter of 2014, up 281.8% from $5.5 million in the first quarter of 2013. The expected net revenues reflect the impact of fewer trading days in the first quarter due to the long Chinese New Year holidays. China Finance Online Co. (ADR) (NASDAQ:JRJC) shares moved down -7.36% in last trading session and was closed at $4.53, while trading in range of $4.46 – $4.85. China Finance Online Co. (ADR) (NASDAQ:JRJC) year to date (YTD) performance is -27.98%.
Neonode Inc. (NASDAQ:NEON) CEO Bjorn Thomas Eriksson bought 100,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average cost of $3.07 per share, with a total value of $307,000.00. Neonode, Inc. (NASDAQ:NEON) ended the last trading day at $3.72. Company weekly volatility is calculated as 8.89% and price to cash ratio as 22.77.Neonode, Inc. (NASDAQ:NEON) showed a positive weekly performance of 9.41%.
Stock analysts at Goldman Sachs assumed coverage on shares of TrueCar Inc. (NASDAQ:TRUE) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $15.00 price target on the stock. Goldman Sachs’ target price points to a potential upside of 9.89% from the stock’s previous close. TrueCar Inc. (NASDAQ:TRUE) weekly performance is 7.58%. On last trading day company shares ended up $12.92. TrueCar Inc. (NASDAQ:TRUE) distance from 50-day simple moving average (SMA50) is 14.46%.
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