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Industry Watch

KING sinks BIDU, SINA, SOHU

KING sinks BIDU, SINA, SOHU

March 27, 2014 (Chinavestor) Chinese internet stocks tumbled for the second day in a row on the NYSE and NASDAQ. SouFun Holdings (NYSE:SFUN) plunged the most among major internet stocks on Wednesday and is off again today. SFUN has lost 30% of its market cap sinceĀ  March 6, 2014.

Part of the decline is attributed to a weak debut from King Digital Entertainment (NYSE:KING), the second largest IPO since Twitter's. This Chinese online gamer got crushed at IPO yesterday, weighting down the rest of the sector. Even Tencent Holdings (HKG:0700), the largest Chinese internet play in the world, fell 6% in Hong Kong to seven weeks lows this morning.

Today's big decline belongs to Baidu Inc. (NASDAQ:BIDU). China's search engine giant is down $6.25 after two hours of trading today. BIDU is by far the weakest Chinese internet play on Thursday.

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Industry Watch

Online Video Industry Outlook in China

Online Video Industry Outlook in China April 9, 2012 (Sebright Chen) Be known as the biggest and second biggest online video company in China, Youku Inc.(NYSE: YOKU) and Tudou Holding Ltd. (NASDAQ: TUDO) signed the agreement on March 11 o...
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Industry Watch

Templeton Increases Stake in Chalco to 15.3%

Templeton Increases Stake in Chalco to 15.3% June 10, 2010 (Chinavestor) - Singapore based financial holding company Templeton Asset Management Ltd.raised its shareholding in Aluminum Corp of China Ltd (Chalco) (SHA:601600) (HKG:2600) (NYSE:A...
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Industry Watch

Subaye Reports Rise In Quarterly Profits

Subaye Reports Rise In Quarterly Profits May 19, 2010 (Chinavestor) Subaye (Nasdaq:SBAY), a provider of video advertising services to small and medium-sized businesses said its fiscal second quarter profit almost quadrupled to $3 million,...
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Industry Watch

ChinaNet Online Q1 Profit Soars

ChinaNet Online Q1 Profit Soars May 18, 2010 (Chinavestor) ChinaNet Online Holdings (AMEX:CNET), the provider of advertising platforms to small and medium-sized businesses, said its first-quarter adjusted income jumped 51.2% to $...
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