China Internet Stocks Pressured After Tencent Q2 Misses (DANG) (RENN)

China internet stocks were pressured on Wednesday. The decline relates in part to results from Tencent Holdings, China's largest internet company. Tencent's earnings rose 19% to 3.68 billion yuan, short of estimates of 3.9 billion yuan.

Dangdang (NSYE: DANG), Baidu, Inc. (Nasdaq: BIDU), Renren Inc. (NYSE: RENN), Youku Tudou Inc. (NYSE: YOKU), and Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) were among losers. The pullback follows a recent rally for stocks in the group.

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