Piper Jaffray comments on the DoJ investigation into Chinese firms, saying the probe likely puts...

|By:, SA News Editor

Piper Jaffray comments on the DoJ investigation into Chinese firms, saying the probe likely puts smaller companies like Youku.com (YOKU -12%), Sky-mobi (MOBI -6.7%), and Dangdang (DANG -1.1%) at risk, given they do not have proven track records. The firm says SINA (SINA -8%), and Baidu (BIDU -6%) should be less affected.