Chinese search leader Baidu (BIDU) is expected late Wednesday to report 3.9% Q4 earnings growth on accelerated revenue growth, as the company continues spending on mobile gaming and app stores. The firm’s EPS ex items are seen rising to $1.34 from $1.29 in the year-earlier quarter. But EPS had risen 39% year over year in Q4 2012. Q3 EPS rose 6%. Revenue is seen climbing 51% to $1.53 billion, according to analysts polled by Thomson Reuters. That
Sina’s (SINA) Weibo microblogging site lost users in 2013 amid a government crackdown, says a government report that sent China tech stocks lower on Friday. Sina stock was down 6% in midday trading in the stock market today, more than the other China microblog operators traded in the U.S. Sohu.com (SOHU), Baidu (BIDU) and NetEase (NTES) stocks were all down more than 1%. “We believe tight government oversight will stay for the mid to long term,”
Qihoo 360 Technology (QIHU) is now handling some 23% of China’s search traffic, continuing its gain on market leader Baidu (BIDU), say Stifel Research analysts, who upgraded the stock to buy on Monday. “We believe 2014 is the year when Qihoo begins to narrow the spread between its search query share of 23% and its search revenue share of less than 2%,” wrote Stifel analysts in a research note. Qihoo stock was up 4.5% in afternoon trading in the