Here’s Why Chinese Internet Stocks are Crashing

Youku’s (NYSE:YOKU) Q3 report says EPS is hurt by 41% Q/Q increase in sales and marketing expenses to $11.6 million. Content costs were up from 25% in Q2 to now 26%. The company predicts the Q4 revenue to be up 90-100 % Y/Y, which is below the consensus for 107/7% growth.

Here’s how Chinese Internet stocks are trading now:

  • Youku.com Inc. (NYSE:YOKU): The shares recently traded at $16.18, down $4.37, or 21.27%. Its market capitalization is $1.84 billion. They have traded in a 52-week range of $13.76 to $69.95. Volume today was 6,399,270 shares versus a 3-month average volume of 3,316,780 shares. The company’s trailing earnings are $-0.38 per share. About the company: Youku.com Inc. is an Internet television company. The Company’s Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices in the People’s Republic of China. Get the most recent company news and stock data here >>
  • Baidu, Inc. (NASDAQ:BIDU): The shares recently traded at $129.72, down $8.38, or 6.07%. Its market capitalization is $45.28 billion. They have traded in a 52-week range of $94.33 to $165.96. Volume today was 5,227,929 shares versus a 3-month average volume of 8,937,450 shares. The company’s trailing P/E is 50.10, while trailing earnings are $2.59 per share. About the company: Baidu, Inc. operates an Internet search engine. The Company offers algorithmic search, enterprise search, pay for performance and news, MP3, and image searches. Get the most recent company news and stock data here >>
  • Renren Inc. (NYSE:RENN): The shares recently traded at $4.31, down $0.21, or 4.65%. Its market capitalization is $1.69 billion. They have traded in a 52-week range of $4.25 to $24.00. Volume today was 3,008,206 shares versus a 3-month average volume of 3,467,100 shares. The company’s trailing earnings are $-0.85 per share. About the company: Renren, Inc. operates an Internet website. The Company operates a real-time social networking website that offers users the ability to communicate, share information and user-generated content, play online games, listen to music, shop for deals, and use other services. Get the most recent company news and stock data here >>
  • Sohu.com Inc. (NASDAQ:SOHU): The shares recently traded at $54.10, down $2.62, or 4.62%. Its market capitalization is $2.06 billion. They have traded in a 52-week range of $46.35 to $109.37. Volume today was 492,879 shares versus a 3-month average volume of 1,747,730 shares. The company’s trailing P/E is 12.43, while trailing earnings are $4.35 per share. About the company: Sohu.com Inc. operates an Internet portal in China. The Company’s Web site consists of Chinese language Web navigational and search capabilities, Web-based communications services, and a platform for e-commerce services. Get the most recent company news and stock data here >>
  • Perfect World Co., Ltd. (NASDAQ:PWRD): The shares recently traded at $12.05, down $0.98, or 7.52%. Its market capitalization is $598.66 million. They have traded in a 52-week range of $10.70 to $29.10. Volume today was 433,443 shares versus a 3-month average volume of 898,792 shares. The company’s trailing P/E is 4.40, while trailing earnings are $2.74 per share. About the company: Perfect World Co Limited develops and operates online games. The Company primarily develops 3D gaming technologies. Get the most recent company news and stock data here >>
  • Giant Interactive Group, Inc. (NYSE:GA): The shares recently traded at $3.94, down $0.14, or 3.43%. Its market capitalization is $929.67 million. They have traded in a 52-week range of $3.02 to $9.45. Volume today was 301,939 shares versus a 3-month average volume of 1,228,130 shares. The company’s trailing P/E is 6.78, while trailing earnings are $0.58 per share. The company pays a dividend of $2.99 per share for a dividend yield of 73.10%. About the company: Giant Interactive Group Inc. develops online games. The Company focuses on multiplayer online, or MMO, games that are played through networked game servers in which players are able to simultaneously connect and interact. Get the most recent company news and stock data here >>

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