Chinese Internet Stocks on Watch as Alibaba (BABA) Offers to Acquire Acquire 'China's YouTube' (YOKU)
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Chinese Internet stocks are on watch Friday after Alibaba (NYSE: BABA) offered to acquire Youku Tudou (NASDAQ: YOKU) for $26/ADS per share or a 27% premium to Thursday's close. Youku Tudou is considered 'China's YouTube.'
Other stocks to watch:
- Baidu (Nasdaq: BIDU)
- Sina (Nasdaq: SINA)
- SouFun Holdings (NYSE: SFUN)
- Qihoo (NYSE: QIHU)
- Phoenix New Media (NYSE: FENG)
- YY Inc. (Nasdaq: YY)
- Vipshop (NYSE: VIPS).
- Sohu.com Inc. (Nasdaq: SOHU)
- NetEase, Inc. (Nasdaq: NTES)
- Ctrip.com (Nasdaq: CTRP)
- Dangdang (NYSE: DANG)
- Qunar (Nasdaq: QUNR)
- Renren Inc. (NYSE: RENN)
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