Facebook's WhatsApp Purchase Seen Clearing Key Hurdle
at Investor's Business Daily - Thu Sep 25, 3:44PM CDT
European regulators will green-light Facebook 's (FB) purchase of mobile messaging service WhatsApp, clearing a major hurdle to the deal, a new report says. The social networking leader in February agreed to pay $19 billion for the world's biggest...
China's Mobile Market Still Has Lots Of Growth Ahead
at Investor's Business Daily - Thu Sep 25, 3:44PM CDT
China is expected to have 520 million smartphone users this year, up 16% from the prior year and covering about 55% of the total population. There is still huge potential for growth in China's mobile market due to relatively low penetration levels...
'Craigslist Of China' 58.com Gets Goldman Coverage
at Investor's Business Daily - Thu Sep 25, 1:55PM CDT
Goldman Sachs initiated coverage of 58.com (WUBA) on Thursday with a neutral rating and price target of 33. The Beijing-based online marketplace, nicknamed the "Craigslist of China," saw its stock fall on the news. Shares of 58.com were down a...
Alibaba, China Tech Stocks Continue To Fall
at Investor's Business Daily - Tue Sep 23, 2:17PM CDT
Alibaba Group and other Chinese tech stocks continued to fall on Tuesday, one day after a sell-off reflecting unease about the country's economic slowdown. Alibaba Group (BABA), the China e-commerce titan that raised $25 billion during the...
China's Economic Growth Woes Bring Down Stocks
at Investor's Business Daily - Mon Sep 22, 3:31PM CDT
Concerns about sluggish Chinese economic growth helped drag down a host of China's Internet stocks on Monday after one of the country's finance officials reiterated there would be no major stimulus measures despite the economic slowdown. Alibaba...
Baidu, Other China Tech Stocks Sink As Alibaba Rises
at Investor's Business Daily - Fri Sep 19, 2:34PM CDT
China-based e-commerce leader Alibaba Group (BABA) surged in its first day of trading after a record-breaking U.S. IPO, but it didn't bring many other China Internet stocks -- friends or foes -- with it. Alibaba was up 35%, near 92, in afternoon...
Video: Alibaba Group Stock Soars In Blockbuster IPO Debut
at Investor's Business Daily - Fri Sep 19, 11:48AM CDT
Investors clamored for Alibaba Group (BABA) stock Friday, buying shares above 92 at the opening, up 35% from the IPO's starting price of 68. The China e-commerce giant initially sold 320.1 million shares to underwriters and institutional investors...
Demand For Alibaba Stock 'Absolutely Overwhelming'
at Investor's Business Daily - Thu Sep 18, 1:26PM CDT
Research firm IPO Boutique said that its channel checks reveal, according to underwriter guidance, that the Alibaba Group IPO has "absolutely overwhelming demand." The demand suggests that the stock will likely price near, or above, the high end of...
Weibo Seen Poised For 'Strong Growth,' Alibaba Boost
at Investor's Business Daily - Thu Sep 18, 1:21PM CDT
Weibo (WB) stock rose Thursday after the company got a positive report from an investment bank, which cited the China microblog's partnership with Alibaba Group, the China e-commerce leader that is poised to launch a U.S. IPO Thursday that could be...
Alibaba symbol of China's new tech giants
By JOE McDONALD - AP - Thu Sep 18, 10:30AM CDT
BEIJING (AP) — Alibaba Group's U.S. stock offering is a wakeup call about an emerging wave of technology giants in China's state-dominated economy.
China's Internet Market Has Lots Of Room For Growth
at Investor's Business Daily - Wed Sep 17, 2:08PM CDT
China had 617 million Internet users at the end of 2013, more than double the U.S. number. Still, less than half of China's population is accessing the Internet, leaving significant room for growth. In five years, China is expected to have 825...
'Fast Money' Recap: How Alibaba Is Hitting Momentum Stocks
at The Street - Tue Sep 16, 4:00AM CDT
The trading panel discussed Chinese stocks, Apple's new phone and whether Darden shares are worth buying.
Alibaba Set For World's Top IPO As China Giant Preps
at Investor's Business Daily - Mon Sep 15, 4:36PM CDT
Alibaba Group is positioned to be the largest IPO ever, and to hear Joseph Tsai, executive vice chairman, talk about the Chinese Internet giant, it's just the beginning. "We are only at the start of our journey, with many growth opportunities ahead...
Why China Petroleum & Chemical (SNP) Stock Is Down Today
at The Street - Mon Sep 15, 7:36AM CDT
The company said it will sell a stake in its fuel retailing business for 107 billion yuan ($17.5 billion), a price lower than analysts estimated.
IPO Stock Watch: Alibaba Stock Demand Strong Pre-IPO
at Investor's Business Daily - Fri Sep 12, 1:06PM CDT
Alibaba Group (BABA) is set to be the largest U.S. IPO ever, potentially raising more than $21 billion and carrying a market value of more than $162 billion. For comparison, Amazon.com's market cap is near $152 billion. Demand for Alibaba stock among...
IPO Stock Watch: Weibo Gains From Microblogging Memo
at Investor's Business Daily - Thu Sep 11, 5:03PM CDT
Weibo (WB) stock surged to a new high Thursday amid reports that China's State Internet Information Office issued a memo requesting government offices use microblogging services to communicate with the public. Weibo runs a Chinese-language...
Can Facebook’s WhatsApp Really Reach 3 Billion Users?
Leo Sun, The Motley Fool - Motley Fool - Tue Sep 09, 2:15PM CDT
Facebook CEO Mark Zuckerberg recently claimed that WhatsApp, the mobile messaging app his company is acquiring for $19 billion, will eventually reach "two to three billion people." That would make the service bigger than Facebook, which has 1.3...
5 Things Qihoo 360's Management Wants You to Know
Adam Levy, The Motley Fool - Motley Fool - Thu Sep 04, 12:38PM CDT
Shares of Qihoo 360 declined more than 10% after the company reported its second-quarter earnings for 2014 late last month. Although both top- and bottom-line results beat analysts' estimates, concerns over the company's diminishing margins...
China Rallies As Economic Data Suggest Economic Shift
at Investor's Business Daily - Wed Sep 03, 5:12PM CDT
China's markets surged Wednesday, as a pair of service gauges suggested progress in the country's economic strategy. Hong Kong's benchmark Hang Seng Index jumped 2.3% to peg a six-year high. The Shanghai Composite climbed 1%. HSBC's China Services...
Should Baidu (BIDU) Stock Be In Your Portfolio? - Stocks in the News
Zacks Research Staff - Zacks Investment Research - Tue Sep 02, 1:52PM CDT
Inside the stock prospects for Chinese language search engine giant, Baidu.com.