NEW YORK, September 7, 2016 /PRNewswire/ --
Shares of Chinese companies and the indexes in Hong Kong have jumped to week highs after
China's factory gauge data
surprised analysts. Factory production has unexpectedly increased
to the levels of 2014. Despite China's head state planner Xu Shaoshi claims
that the country has, "great difficulties that remain in meeting
goals for investment and trade." ChineseInvestors.com Inc.
(OTCQB: CIIX), Alibaba (NYSE: BABA), Baidu (NASDAQ:
BIDU), Momo Inc. (NASDAQ: MOMO), SINA Corp. (NASDAQ:
SINA)
ChineseInvestors.com Inc. (OTCQB: CIIX) is a Chinese
company engaged in providing real-time market commentary and
analysis in the Chinese language. The Company offers subscription
services to provide education about investing, recent news and
analysis on the stock market. The company announced it has formed a
strategic partnership with Tiger Brokers, the largest online
financial brokerage in China.
Since the brokerage firm was founded in 2015, Tiger Brokers has
seen rapid growth in monthly trading with volume increasing to
$800 million USD.
ChineseInvestors.com Inc. (CIIX) recently commented on
their live streaming service, claiming it helped the company reach
a milestone in booking record subscription revenues in the past
quarter. The company has offices in the
United States and in China.
Sales of counterfeit goods has always been an issue on
Alibaba (NYSE: BABA) online trading platform, Taobao, for
quite some time now. Many trading groups has urged the Chinese
e-commerce giant to take action against counterfeit goods.
Led by CEO and founder Jack Ma,
the company will be working with International Anti-counterfeiting
coalition, one of the world's largest group known for tackling
fakes goods. Ma genuinely believes that the company is more than
capable of taking down fake goods with their technology on its
online platform and claims that "We can solve the problem better
than any government, any organization, and any person in the
world." Shares of Alibaba has continued to rise as the company has
reached new 52week highs of $104.05.
Shares of Baidu (NASDAQ: BIDU) surged 5% after the
company announced a European expansion. The technology company has
already capitalized on the Chinese since Google was ousted in 2010,
making exponential grows in China
impossible, other markets become key venture opportunities. Baidu
will have to make sure that besides the traditional search engine
the company will be able to diversify it's portfolio of services,
to successfully penetrate forging markets.
Momo Inc. (NASDAQ: MOMO) shares increased in value almost
66% in one month. On September
6th the company's stock was upgraded by
investment analysts at Morgan Stanley from an "underweight" rating
to an "equal weight" rating in the bank's research report. The
Company's Momo platform includes its Momo mobile application and a
range of related features, functionalities, tools and services that
it provides to users, customers and platform partners.
SINA Corp. (NASDAQ: SINA) shares surged 45% in a month
following a strong earnings report and an announcement that its
board of directors has authorized and approved the Company's
distribution of shares of Weibo Corporation to the Company's
shareholders on a pro rata basis. SINA is the online media company
serving China and the global
Chinese communities.
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