Chinese Stocks: SINA (NASDAQ:SINA), China Telecom Corporation (NYSE:CHA), Baidu (NASDAQ:BIDU), Qihoo 360 Technology (NYSE:QIHU), Weibo (NASDAQ:WB)

Technology Stocks News 18

China is one such country.  To capitalize on that China fandom, the NBA has expanded its social media joint ventures. The NBA contracted with the internet media company SINA Corp. (NASDAQ:SINA) for what has been described as an “unprecedented access to NBA content on multiple SINA platforms.” SINA Corp (NASDAQ:SINA) stock performance was -0.60% in last session and finished the day at $47.86. Traded volume was 1.15million shares in the last session and the average volume of the stock remained 3.49million shares. The beta of the stock remained 1.87. SINA Corp (NASDAQ:SINA) insider ownership is 4.81%.

The Ministry of Industry and Information Technology said it will allow China Telecom Corp Ltd (ADR) (NYSE:CHA) and China United Network Communications Group Co Ltd, also known as China Unicom, to test a joint 4G network using LTE-FDD and TD-LTE technologies in 16 cities. Those cities weren’t identified. China Telecom Corporation Limited (ADR) (NYSE:CHA) rose 0.72 percent to $48.69 Friday on volume of 70,754.00million shares. The intra-day range of the stock was $48.09 to $48.69. China Telecom Corporation Limited (ADR) (NYSE:CHA) has a market capitalization of $39.41billion.

A U.S. government group has released a report warning that investors face “major risks” if they buy shares in Chinese companies like e-commerce giant Alibaba Group Holding Ltd. Other Chinese firms structured similarly include Baidu Inc. (ADR) (NASDAQ:BIDU), a longtime U.S.-traded search company sometimes called the Google of China, and Alibaba rival JD.com Inc., which listed in the U.S. last month. A Baidu spokesman said it thoroughly disclosed its structure in its filings. He referred to a Moody’s Investors Service report from last month that said the search giant could successfully manage its VIE risk. Baidu Inc (ADR) (NASDAQ:BIDU)’s stock on June 27, 2014 reported a increase of 0.68% to the closing price of $184.96. Its fifty two weeks range is $88.89 -$189.34. The total market capitalization recorded $64.81billion. The overall volume in the last trading session was 2.14million shares. In its share capital, BIDU has 350.30million outstanding shares.

Qihoo 360 Technology Co. Ltd (NYSE:QIHU) may not be a familiar name to most investors, but in the last couple of weeks, the Chinese internet firm has become a popular company – for listing candidates. It’s been a cornerstone investor in three IPOs in Hong Kong in the past couple of weeks, committing to stakes in a telecom retailer, a social video platform operator, and even a property management firm. On Friday, shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) dropped -0.92% to close the day at $91.12. Company return on investment (ROI) is 5.50% and its monthly performance is recorded as -4.23%. Qihoo 360 Technology Co Ltd (NYSE:QIHU) quarterly revenue growth is -2.12%.

China soccer fans are following World Cup news on Internet. SINA Corporation (Nasdaq:SINA-Free Report) subsidiary Weibo Corporation (ADR) (NASDAQ:WB), where Alibaba too owns a stake, had 22 million visitors on the first day of FIFA World Cup. Weibo Corp (ADR) (NASDAQ:WB) stock performance was 0.83% in last session and finished the day at $20.64. Traded volume was 456,376.00million shares in the last session and the average volume of the stock remained 2.96million shares.

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