XCSFDHG46767FHJHJF
tdp2664 China Analyst Below is the latest notable news on U.S.-listed Chinese stocks. Baidu.com, Inc. (NASDAQ:BIDU) confirms acquisition of photo apps developer PhotoWonder, reports Chinabyte.com. PhotoWonder is an app for editing pictures on mobile phones. Its Android version has a high rating of 4.3 based on votes by 39,970 users. Hesong Tang, an executive at Baidu, told reporters that the company is willing to invest or acquire more start-up teams with accurate understanding of user demand and strong innovative ability. E Commerce China Dangdang Inc (NYSE:DANG) plans to build 100,000-square-meter logistics center to cover mid-west China, reports Chengdu.cn. The plan was mentioned by Dangdang CEO Guoqing Li at the 2011 China Online Retail Annual Conference. The logistics center will be built at a city with solid infrastructures. Mr. Li also told reporters that Dangdang will speed up its initiatives in second-hand and digital books. Dangdang recently purchased a large piece of land in Tianjin, where it plans to build its largest fulfillment operations center in China. Renren Inc (NYSE:RENN) partners with HTC to launch a social networking cell phone, reports Tech.sina.com.cn. Yizhou Chen, CEO of Renren, says that this partnership will increase the stickiness of Renren.com's users. He also believes the “smart devices+social networking services” model will help the further integration of China's mobile communications industry chain. In addition, Mirae Asset Securities reiterates Buy rating on Renren Inc (NYSE:RENN), and cuts price target from $6.5 to $6.
No comments:
Post a Comment