Chinese Web names higher following Baidu's Q3 report; NQ adds to gains

Several Chinese Internet names recently pressured by a generally selloff in tech momentum plays are up AH after Baidu beat Q3 estimates on the back of strong growth in ad revenue/customer, and issued above-consensus Q4 guidance.

SINA +2.3% AH. QIHU +2.1%. YOKU +2%. RENN +2.1%. NTES +2.5%. DANG +1.6%.

NQ Mobile (NQ) is up 2.5% AH after posting a 25.1% gain in regular trading as investors welcomed its fund transfer announcement.

Bulls and bears continue to argue fiercely over NQ's prospects. On SA, bearish Goldbaum Research observes NQ's games (offered via its FL Mobile game publishing subsidiary) appear to have been pulled from Apple's App Store, while bullish Toro Investment Partners argues Muddy Waters' track record is quite mixed, and that many firms have had a chance to look at NQ's books.

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Comments (5)
  • same123
    , contributor
    Comments (119) | Send Message
    ill go with the fact anyone can look at the books, open transparency.
    29 Oct 2013, 09:23 PM Reply Like
  • Bullmarketcall
    , contributor
    Comments (2112) | Send Message
    What are games to do with NQ accusations. A look at books could be NOT enough, otherwise, PWC MorganStanley Deutche, would look with Eyes opened wider
    29 Oct 2013, 09:52 PM Reply Like
  • Quoth the Raven
    , contributor
    Comments (2063) | Send Message
    NQ doesn't put out that enormous presentation professionally done, transfer money, and offer full transparency if they're guilty. I'd bet MW has this one wrong.
    29 Oct 2013, 10:40 PM Reply Like
  • Renmycat!
    , contributor
    Comments (933) | Send Message
    quoth - hope youre right.


    id like to see Pandora take the beating the NQ has.. lol.
    im short P as well as you.. keep up the good fight sir!
    30 Oct 2013, 02:46 AM Reply Like
    , contributor
    Comments (8) | Send Message
    Dr. Lin and Omar are too smart, and wise, to think they can defraud millions of potential customers. Add to this the in depth analysis done by Carlos Slim and his team clearly point to the strength of NQs business model, and the sham that is MW.
    I'm counting on NQ to bring all guns to bear on MW, and in a number of ways, 'get the message' to them and their counterparts that deceit and distortion are not the basis of long term prosperity.
    Go to it, NQ!
    30 Oct 2013, 07:24 AM Reply Like
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