Chinese Internet stocks are surging after equities rallied in Shanghai and Hong Kong in spite of...
Chinese Internet stocks are surging after equities rallied in Shanghai and Hong Kong in spite of a major drop in China's services PMI. In addition to Qihoo (previous), winners include Renren (RENN +12.2%), YY (YY +13.3%), Baidu (BIDU +3.8%), Sina (SINA +2.8%), Sohu (SOHU +3.4%), Changyou (CYOU +4.3%), and Perfect World (PWRD +5%). YY is now up 20% since posting a strong Q1 report on Thursday afternoon; revenue rose 130.5% Y/Y to RMB315M ($50.7M), and EPS of $0.23 beat consensus by $0.06. Revenue is expected to hit RMB330M-340M in Q2.
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From other sites
at Investor's Business Daily (Feb 12, 2015)
at Benzinga.com (Dec 31, 2014)
at CNBC.com (Nov 21, 2014)
at CNBC.com (Nov 20, 2014)
at CNBC.com (Nov 19, 2014)
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