HoT Watch List: Qihoo 360 Technology (NYSE:QIHU), Yandex (NASDAQ:YNDX), Youku Tudou (NYSE:YOKU), Renren Inc (NYSE:RENN), Baidu Inc (ADR) (NASDAQ:BIDU)

Technology Stocks News 6

Microsoft Corp will work with Chinese Internet security specialist Qihoo 360 Technology Co Ltd (NYSE:QIHU) on mobile Internet and artificial intelligence technology, state media reported, as the U.S. software giant fights security concerns in the country. Microsoft and Qihoo 360 Technology Co Ltd (NYSE:QIHU) on June 9 signed a deal to “cooperate in mobile Internet products” and “technology exchanges in artificial intelligence”, the official Xinhua news agency reported, citing the Microsoft Search Technology Center Asia. Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock performance was -0.63% in last session and finished the day at $88.10. Traded volume was 1.58million shares in the last session and the average volume of the stock remained 3.32million shares. Qihoo 360 Technology Co Ltd (NYSE:QIHU) insider ownership is 14.20%.

Russian search engine company Yandex NV (NASDAQ:YNDX) has acquired online classifieds company Auto.ru for $175 million in cash. The acquisition will add to Yandex’s marketshare in the automotive market. The company has a channel that aggregates classified listings across several car classified ad websites. Company will now be able to collect revenues on the actual listings and display ads that run along the listings. Yandex NV (NASDAQ:YNDX) rose 0.11 percent to $35.60 Monday on volume of 1,200.00million shares. The intra-day range of the stock was $34.39 to $35.60. Yandex NV (NASDAQ:YNDX) has a market capitalization of $11.43billion.

Youku Tudou Inc. (ADR) (NYSE:YOKU), which has more than 400 million users, has joined forces with the Shanghai government to establish a center to develop original content, including micro movies, online drama series, animations and entertainment shows. The company’s CEO, Gu Yongqiang, said the collaboration can not only fund and nurture China’s emerging filmmakers but encourage Chinese stories with big market potential. Youku Tudou Inc (ADR) (NYSE:YOKU)’s stock on June 23, 2014 reported a increase of 1.54% to the closing price of $21.80. Its fifty two weeks range is $17.69-$37.74. The total market capitalization recorded $4.11billion. The overall volume in the last trading session was 2.20million shares. In its share capital, YOKU has 168.87million outstanding shares.

In May, Fundrise, a Washington-based site, raised $31 million from a group of investors led by Chinese social-networking company Renren Inc. (NYSE:RENN), and two executives at World Trade Center developer Silverstein Properties Inc. On Monday, shares of Renren Inc (NYSE:RENN) advanced 1.21% to close the day at $3.35. Company return on investment (ROI) is -10.30% and its monthly performance is recorded as 2.13%. Renren Inc (NYSE:RENN) quarterly revenue growth is 4.69%.

Baidu Inc (ADR) (NASDAQ:BIDU) calls traded at a slightly faster-than-usual pace on Friday. Most active among non-expiring contracts was the weekly 6/27 180-strike call. More than 2,800 contracts changed hands here, the majority of which were bought to open. Baidu Inc (ADR) (NASDAQ:BIDU) stock performance was 1.74% in last session and finished the day at $177.54. Traded volume was 3.28million shares in the last session and the average volume of the stock remained 4.02million shares. The beta of the stock remained 1.96. Baidu Inc (ADR) (NASDAQ:BIDU) insider ownership is 0.13%.

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