JD.com (JD) is the first of a wave of Chinese Internet companies to issue quarterly earnings this week, and its shares rallied Monday. Coming up, Ctrip (CTRP), Vipshop (VIPS), Cheetah Mobile (CMCM), Momo (MOMO), Weibo (WB) and Leju (LEJU) also report their results. Follow Alissa Williams on Twitter @IBD_AWilliams and Facebook.
Shares of Chinese online real estate service Leju and its majority owner E-House tumbled after both companies reported disappointing quarterly results and cut full-year guidance due to a slowdown in China’s real estate market. Leju (LEJU) earned 23 cents per diluted American depositary receipt in the third quarter, up 15% from a year earlier and in line with consensus views of analysts polled by Thomson Reuters. Revenue rose 32% to $128.3 million,
Real-estate services provider Leju Holdings ‘ (LEJU) stock hit a new high Friday despite fears of a downturn in China’s housing market. Beijing-based Leju provides an online platform and mobile apps for real estate e-commerce, advertising and listing services. Leju stock rose 10.6% Friday, closing at 17.98. In April, a portion of Leju was spun off by E-House China Holdings (EJ) in a U.S. initial public offering. E-House retains about 75% of Leju