Tag Archives: tcehy

Vipshop, Ctrip Lead 4 Top Chinese Stocks Rising Late On Earnings

Flash seller Vipshop (VIPS), online travel site Ctrip (CTRP), Web gaming player NetEase (NTES) and drug testing outsourcer WuXi Pharmatech (WX) rose as the Chinese stocks reported strong earnings late Wednesday. That followed strong results from Chinese Internet giant Tencent (TCEHY) before the open. Vipshop Holdings: The Chinese flash discount online retailer’s Q1 EPS more than doubled to 13 cents, beating estimates by 3 cents, led by mobile

China Rivals Alibaba, JD.com Post Earnings This Week

Rivals Alibaba Group (BABA) and JD.com (JD) are set to report quarterly earnings this week, as the two increasingly bump into each other. China e-commerce leader Alibaba reports Thursday before the market open, its fiscal fourth quarter. And JD reports before the open Friday. Alibaba archrival Tencent Holdings (TCEHY) owns a stake in JD.com. The consensus estimate on Alibaba is revenue of $2.78 billion, a 44% increase from the year-earlier period.

Oops, Glu Mobile did it again; Signs Britney Spears

Glu Mobile (GLUU) continues to mine the celebrity-themed video game niche that it created with “Kim Kardashian: Hollywood” by signing pop singer Britney Spears for a similar game. Glu stock jumped as much as 27% on the stock market today, a day after the company reported better-than-expected first-quarter results and announced a strategic investment by Tencent Holdings (TCEHY) and a partnership with Spears. In afternoon trading Thursday, Glu stock was up 22%, near 6.60. For the March quarter, Glu earned 2 cents a share excluding items on sales of $62.4 million. Analysts were expecting a per-share loss of a penny on sales of $51.6 million. Sales were up 33% year over year. Earnings were down 67% from 6 cents a share in the year-earlier quarter.