10.49k followers • 18 symbols Watchlist by Motif Investing
Chinese internet companies grow their users bases and their ability to monetize them, could result in rapid revenue and earnings growth.
Vipshop Holdings Limited
Bitauto Holdings Limited
Jumei International Holding Limited
Fang Holdings Limited
Sohu.com (SOHU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Is (VIPS) Outperforming Other Computer and Technology Stocks This Year?
Baidu Inc. said Thursday has suspended updating content on certain newsfeed channels within Baidu App and conduct maintenance, starting April 8, following directives from government regulators. The China-based internet search giant said the suspension could have an impact on marketing services revenue. The move follows reports that China's cyberspace regulator said some of Baidu's reviews of news feed channels weren't strict, and therefore had a bad influence on society. Baidu said other measures it's taking to comply with regulator directives include monitoring and management over its platform, strengthening the integrity and quality of content and improving business practices. The stock rose 0.8% in premarket trading. It has lost 23.0% year to date, while the S&P 500 has dropped 14.9%.
Super ROI and its wholly owned subsidiary, Jumei Investment Holding Limited, have accepted for payment all Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) that were validly tendered and not validly withdrawn prior to the expiration of the Offer at price of $2.00 in cash per Class A Ordinary Share, or $20.00 in cash per ADS, without interest and less $0.05 per ADS cancellation fees and other related fees and withholding taxes, in accordance with the terms and conditions of the Offer. Computershare Trust Company, N.A., the Tender Agent for the Offer, has advised that, as of immediately prior to the expiration of the Offer, a total of 40,344,690 Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) of Jumei had been validly tendered and not validly withdrawn in the Offer (excluding Class A Ordinary Shares tendered pursuant to Notices of Guaranteed Delivery for which certificates or confirmations of book-entry transfer had not yet been received by the Tender Agent), representing approximately 63.7% of 63,304,836 outstanding Class A Ordinary Shares of Jumei.
Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), a leading search engine, knowledge and information centered Internet platform and AI company, today announced that pursuant to directives of relevant PRC regulators, Baidu has suspended updating its content on certain newsfeeds channels within Baidu App and conduct maintenance, beginning from April 8, 2020. The Company expects that the suspension may have impact on the marketing services revenue related to the suspended channels.
Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that Ms. Maria Yi Xin has tendered her resignation as the Company's Chief Financial Officer due to personal reasons, effective as of May 31, 2020 (the "Effective Date"). Ms. Xin will continue to work closely with the Company to facilitate a smooth transition before the Effective Date. The Company has initiated a search for a new Chief Financial Officer.
Tuniu Corporation (NASDAQ:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.
Pomerantz LLP is investigating claims on behalf of investors in Baidu, Inc. (“Baidu” or the “Company”) (BIDU). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. The investigation concerns whether Baidu and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
JOYY (YY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Today's 5 Stock Ideas: * Baidu (BIDU) \- A sympathy play following a fraud report on iQIYI (IQ) from short sellers Wolfpack and Muddy Waters Research. As of late 2019, Baidu owned nearly 60% of iQIYI. * Super League Gaming (SLGG) \- A gaming play. Reported a 20% increase in registered users during March. * Allegiant (ALGT) \- A play on the embattled airline space. The company expects its airline capacity will be down 80-90% in April and May and said its burning up to $2.5 million per day. * LiveXLive (LIVX) \- The company won global streaming rights for linear and digital broadcasts of Global Citizen & WHO's "One World: Together At Home" special. * Rent-A-Center (RCII) \- A non-grocery retail idea. The company said most of its stores remain open and are seeing demand for essential goods like appliances and computers. Rent-A-Center ended Q1 with $185 million in cash and $362 million in debt.See more from Benzinga * Benzinga Pro's Top 5 Stocks To Watch For Mon., Mar. 2, 2020: GILD, BIDU, CODX, MRKR, APDN(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
China'a internet regulator ordered search engine Baidu to clean up improper information and halt the spread of "low-brow content." China's powerful internet regulator, Cyberspace Administration of China, said in a post published on Wednesday on its official WeChat account that Baidu's content review on some of its news feed channels is not "strict," therefore "it has exerted bad influence to the society."
Chinese video-on-demand service company iQIYI Inc. (NASDAQ: IQ) has been fudging user numbers since before its initial public offering in 2018 in New York, and has continued to do so, short seller Wolfpack Research said in a report Tuesday.What Happened According to Wolfpack, iQIYI inflated 2019 revenue by about $1.1 billion to $1.8 billion, 27% to 44% over its actual revenue.The Baidu Inc.-owned (NASDAQ: BIDU) company did this by inflating the actual number of users on its platform by 42% to 60%.Wolfpack said it surveyed 1,563 people among iQIYI's "target demographic" in China and found that about one-third of the company's users acquired their memberships through partner companies such as JD.com Inc. (NASDAQ: JD) or Xiaomi Corp. (OTC: XIACF).About half of these memberships were acquired for free or "near-free" under some "buy-one-get-one" offers.iQIYI counts the entire revenue from these memberships but writes off their partners' revenue as expenses. "This allows IQ to inflate its revenues and burn off fake cash at the same time," Wolfpack said.Muddy Waters Backs, iQIYI Rubbishes Report Muddy Waters Research, an early investor in Wolfpack, backed the research."[We] believe it's a fraud," Muddy Waters said in a tweet. "We assisted Wolfpack with comprehensive research into iQIYI...[It] fraudulently and materially overstates its users, revenues, acquisition consideration, and value of its 'barter' content."iQIYI responded to the short seller report, saying it contains "numerous errors, unsubstantiated statements and misleading conclusions and interpretations regarding information relating to the Company."The Wolfgang report comes days after Luckin Coffee Inc. (NASDAQ: LK) admitted to chief operating officer inflating sales numbers in its previous filings with the United States Securities and Exchange Commission.In a report in January, Muddy Waters had similarly suggested that Luckin was fudging sales and inventory numbers, among others.Price Action iQIYI stock closed 3.22% higher at $17.30 on Tuesday. The shares traded 3.6% lower at $16.68 in the after-hours session.Baidu closed 1.1% lower at $101.79 and traded another 1.3% lower in after-hours at $100.49.See more from Benzinga * Uber Launches Tool To Help Drivers Affected By Coronavirus Find Work * Luckin Stock Drops Further As Lenders Seek To Seize 76.4M Shares For Defaulted Loan * NYSE Asks SEC To Ease Listing Requirements Due To Coronavirus-Caused Market Wipeout(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
China'a internet regulator ordered search engine Baidu to clean up improper information and halt the spread of "low-brow content." China's powerful internet regulator, Cyberspace Administration of China, said in a post published on Wednesday on its official WeChat account that Baidu's content review on some of its news feed channels is not "strict," therefore "it has exerted bad influence to the society." Baidu said on its mobile app that it would suspend operations of some mobile app channels, without elaborating on when it would resume those operations.
Baidu Inc. (BIDU) closed at $101.79 in the latest trading session, marking a -1.12% move from the prior day.
JD.com, Inc. (JD) closed the most recent trading day at $41.99, moving +1.03% from the previous trading session.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Rate cuts and other Fed actions are motivating some tech companies to raise funds or refinance existing debt.
The pressure is growing across the globe to go green, and one ambitious ride-sharing service has risen up to the challenge in a big way
Zacks.com featured highlights include: The Trade Desk, Sina, Casella Waste Systems, Cinemark and National Oilwell Varco
Moody's Investors Service has assigned an A3 senior unsecured rating to the proposed USD notes to be issued by Baidu Inc. (A3 positive). Baidu will use the proceeds to refinance existing debt and for general corporate purposes. "Baidu's proposed senior unsecured notes will improve its debt maturity profile and expand its capacity to accommodate any funding needs over the next 12-18 months," says Lina Choi, a Moody's Senior Vice President.
Companies in the Asia Pacific need to raise a near record $69.3 billion to refinance their existing borrowings in the second quarter, Refinitiv figures show, as the region's capital markets remain turbulent due to the coronavirus pandemic. The level of U.S. dollar corporate debt due to mature in the region, including Japan and China, is the second highest on record and only slightly behind the $71.4 billion that was due during the same time last year. The data shows a Soft Bank Group bond worth $2.48 billion due to mature on April 18, and the conglomerate flagged it planned to carry out $41 billion worth of asset sales to buy back shares and pay down debt.