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Morgan Stanley today released a study to downgrade the Nyse:renn stock rating from "holding" to "equal-weight" (underweight), while maintaining a 3.1 dollar target share price unchanged. The following is a summary of the report: Introduction: Since entering this year, everyone's shares have underperformed other internet companies in China. We expect this trend to continue, given that everyone expects revenue growth to slow and losses to expand. Downgrade the stock rating of everyone to ...

Orchid Pavilion (NYSE:LITB) today released its second-quarter financial results for the 2013 fiscal year. 　　According to the report, the net revenue of the pavilion was 72.2 million U.S. dollars in the second quarter, a 52.6% increase over the same period last year, and a net profit of $600,000, with a net loss of 1.4 million dollars over the same period last year. Main achievements:-Pavilion set potential net revenue for the second quarter of 72.2 million U.S. dollars, compared with the same period last year, 47.3 million U.S. dollar growth of 52.6%, mainly because the total number of customers in this quarter grew 140%, from the same period last year 500,000 people increased ...

The Perfect World (NASDAQ:PWRD) today released its unaudited earnings for the second quarter of fiscal year 2013 as at June 30. The report shows that the perfect world in the second quarter of the total revenue of 708.5 million yuan (about 115.4 million U.S. dollars), the same period last year, 676.4 million yuan, the previous quarter for the renminbi 624.5 million yuan; The net profit attributable to the shareholders of the company is 80.7 million yuan (about 13.2 million USD), Compared with the same period last year, 158.2 million Yuan slipped 49%, compared to the last quarter of the renminbi 131 million yuan decline ...

Beijing time August 20 Morning news, as of 00:02, the Qihoo 360 week in a plate of shares rose 6.09 U.S. dollars, or 8.77%, reported 75.53 U.S. dollars.

Goldman Sachs today released its investment report, which nyse:xue the big education share rating from "sell" to "neutral", bringing its target share price from $3.0 to $3.8. The following is a summary of the report: The gross profit margin of the second quarter increased 3.5%, one of the highest in history, which means that the utilization of the teaching center is improving. Coupled with strong third-quarter earnings forecasts and reasonable valuations, we think there is limited room for the fall in the share price of education. Since we will learn the big education unit on December 11, 2012 ...

Rice Nyse:taom today released its results for the second quarter of fiscal year 2013 as at June 30. 　　The report showed that the net revenue of rice rice in the second quarter was $1.2 million, an increase of 15% per cent, and a net profit of $300,000, compared with $3.2 million a year earlier. 　　After the earnings release, Rice CEO Wang Haibing, President Cheng and CFO Jiang Yanren attended the conference call, read the earnings points and answer the analyst questions. The following are the main elements of analyst question and answer: Oppenheimer analyst Andy Yang (Andy Yeung): ...

Rice Rice (NYSE:TAOM) released its second-quarter results for fiscal year 2013 as at June 30, with net revenue of $1.2 million, up 15% per cent year-on-year. 　　Net profit was $300,000, compared with $3.2 million a year earlier. 　　Second-quarter Performance summary: Net revenue of 12 million U.S. dollars, compared with the same period of 10.5 million U.S. dollars a year ago, a 15% increase. 　　Net profit was $300,000, compared with $3.2 million a year earlier. The basic and diluted earnings per share of the United States depository shares were $0.01, compared with a year earlier of 0.0.

Baidu (Nasdaq:bidu) is discussing the development of Internet television with a Chinese manufacturer, according to two people familiar with the matter in Tuesday. One person familiar with the matter said that Baidu was discussing the development of a smart TV set-top box or chip with Guangzhou Huan NET technology. 　　Huan Network technology is TCL and Changhong set up a joint venture. Baidu is now strengthening its online video business to expand its share of the market. 　　China's online video market will reach 16.2 billion yuan (about $2.6 billion trillion) next year, according to Iris. Baidu last week ...

China Merchants Securities (Hong Kong) Research Department today issued an investment report to maintain NetEase (nasdaq:ntes) Buy rating, to increase the target price to 85.5 U.S. dollars. The following is the main content of the report: August 14, 2013, NetEase released 2013 years of Q2 performance, sales growth of 20.4% Year-on-year, to 2.413 billion yuan, net profit of 1.095 billion yuan, the year-on-year increase of 25.1%. 　　Company August 19, announced the United China Telecom released mobile chat products "easy letter." Based on the company's second half of the game to expand ...

High-German group announced that its "German navigation" mobile phone application immediately free. 　　The Apple App Store data show that the gold Navigation HD mobile phone application price of 50 yuan, the latest update date is July 24, 2013. The High German group will hold a press conference on the matter tomorrow. 　　This free, the two main mobile phone map application-"The German navigation" and "the Gold map" will be free. Earlier, Baidu in Sina official Weibo announced that its "Baidu navigation" mobile phone applications to implement a free policy.

The German software (NASDAQ:AMAP) today released its second-quarter financial results for fiscal year 2013 as at June 30, with net revenue of $38.2 million trillion, or $40.2 million a year earlier. 　　Net profit was $3.8 million, compared with $8.8 million a year earlier. Second-quarter business highlights: up to the end of the second quarter, the free mobile application of the software has 137 million users, the monthly active users over 62 million, and as of fiscal year 2013, the free mobile application of the software has 116 million users, the monthly active users over ...

According to foreign media reports, Facebook announced in Friday that it would close its group buying business, Facebook Deals, after 4 months of testing. "After 4 months of testing the Facebook deals group buying business, we decided to close the product business in the next few weeks," the Facebook statement said in Friday. We believe that social business has great potential to attract users to localized services. Our testing work has also given us a lot to learn, and we will continue to evaluate how we can provide for localization business ...

NYSE:LITB said today that Federman & Sherwood, the US law firm, has been known to initiate a group action against the company. Federman & Sherwood said in Tuesday that it had filed a class action against the pavilion in the U.S. District Court in the south of New York, accusing the Orchid pavilion of violating the U.S. Securities Act of 1934, such as market-oriented publishing of a series of materials or false statements, so that in the collective litigation period ( June 6, 2013 to August 19, 2013 ...

Revenue for the 72 million yuan (about 11.7 million U.S. dollars), and the same year for the 60.7 million yuan, the first quarter of 36.5 million yuan, the net loss of 12.6 million yuan (about 2.1 million U.S. dollars), and the same period last year net profit of 23.4 million yuan; based on non-US general accounting standards, 　　Net loss of 3.9 million yuan (about 600,000 U.S. dollars), and the same period last year net profit of 26.6 million yuan. Second quarter Performance Summary: The revenue is 72 million yuan (about 11.7 million U.S. dollars), and the same period last year for RMB ...

Qihoo 360 (Nyse:qihu) announced today that it plans to issue an advanced convertible bill that expires in 2018 and is 550 million dollars in size. In addition, Qihoo 360 plans to give first-time purchasers a 30-day allotment option to purchase bills of up to $50 million. 　　The bill could be transformed into Qihoo 360, the US Depository ("ads"), and each two ADS amounted to 3 shares of the company's Class A common stock. The advanced convertible bills will expire on September 15, 2018. From 2016 9 ...

U.S. law firm Federman & Sherwood announced in Tuesday that the firm had launched a group lawsuit against the Orchid Pavilion (NYSE:LITB) on 27th. Federman & Sherwood said the firm had filed a class action against the U.S. Regional Court in the Southern District of New York against the Orchid Pavilion, accusing the Orchid pavilion of violating rule 10b-5 rules and regulations in the 1934 United States Securities Act sections (b) and (a) Regulations , including the alleged orchid pavilion ...

Morgan Stanley released its investment report today, nasdaq:game the Shanda game stock rating from "overweight" to "holding", raising its target share price from $4 trillion to $4.6.

Morgan Stanley released its investment report today, nasdaq:game the Shanda game stock rating from "overweight" to "holding", raising its target share price from $4 trillion to $4.6. The following is a summary of the report: traditional MMO Game Aging: "The Valley of the Dragon", "Blood Legend 2" and "Legendary World" is the first half of the Grand games revenue source, contributed 13%, 31% and 12% of the revenue. In the first half of the year, revenue from these games fell 19% to 35% year-on-year, mainly because of fierce market competition. "Blood legend ..."

Shanda Game (Nasdaq:game) Thursday, the high price opened, then fell back, all the way down, the highest decline was once more than 5%. 　　 As of 22:15, the Shanda gaming stock fell 3.96% to 4.37 dollars. Shanda has released its results for the second quarter of the 2013 fiscal year ended June 30. The report showed that Shanda's net revenue in the second quarter was 1.0851 billion yuan (about 175.6 million U.S. dollars), down 4% from a year earlier, and that the net profit for ordinary shareholders was RMB 3.

Deutsche Bank today released its investment report, which lowered the Nasdaq:amap's rating from "buy" to "hold" and lowered its target price to $11.90. The following is a summary of the report: the second-quarter results were disappointing, with revenues 8% lower than expected and 13% lower than Wall Street's expectations. The software announces that it will provide mobile navigation applications free of charge in response to the Baidu Challenge. We expect that this will lead to the High German software 2014 fiscal year revenue loss of about 20%, while the commercial model of lbs still needs a long time to explore ...