Seeking Alpha

Some marquee Chinese Internet stocks are slumping, potentially on worries about the SEC's suits...

Some marquee Chinese Internet stocks are slumping, potentially on worries about the SEC's suits against the Chinese arms of the Big-4 U.S. accounting firms. Baidu (BIDU -5.1%), Sina (SINA -6.6%), Youku Tudou (YOKU -4.2%), Sohu (SOHU -3%), Perfect World (PWRD -1.2%), and NetEase (NTES -4%) are among the losers. Renren (RENN +2.5%) is higher following yesterday afternoon's Deutsche upgrade.
Comments (2)
  • chinese greed combined with american minds is a partnership
    made in heaven to make money...its the american minds in the
    american accounting firms in china that are cleaning up...and
    no doubt they both are getting paid. and remember, its illegal
    to short stocks in china, but...if it is a offshore company you can short it offshore or in american ADR'S......
    4 Dec 2012, 11:39 AM Reply Like
  • This just in. BIDU crosses below it's Weekly 200 Day MA, for the 1st time in 4 years.
    4 Dec 2012, 02:41 PM Reply Like
DJIA (DIA) S&P 500 (SPY)