Chinese Internet Companies See Broad Gains Thursday

Related WUBA UPDATE: Pacific Crest Securities Reiterates On 58.com Following Strong Results/Guidance Market Wrap For May 22: Markets Barely Positive Related DANG Mid-Morning Market Update: Markets Gain; FactSet Posts Rise In Revenue Should Amazon Investors Be Worried About Alibaba? - Analyst Blog

Internet companies based in China were on a tear Thursday, with precious little news available to explain the trend.

Online marketplace provider 58.com Inc. (NYSE: WUBA) lead the trend with gains of 13.55 percent, trading at $52.11.

E-Commerce China Dangdang Inc. (NYSE: DANG), which offers Chinese language book,s gained 6.39 percent to $12.98.

Chinese Internet provider NQ Mobile Inc. (NYSE: NQ) gained nearly five percent to $6.35.

Youku Tudou Inc. (NYSE: YOKU), an online marketer, gained 4.14 percent to $22.90.

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And online television company Tencent Holdings Ltd. (OTC: TCTZF) picked up 2.6 percent, to trade at $15.28.

Posted-In: China Chinese Internet Companies InternetNews Emerging Markets Rumors Markets Tech

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