Ryan Roberts of MCM Partners explains whyChinese internet stocks like NetEase and Ctrip are attractive.
SHANGHAI _ Ctrip.com International Ltd. on Wednesday reported fourth-quarter profit of $92.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share. Three analysts surveyed by Zacks expected $733.6 million.
Temasek may be betting China’s consumers will eschew retail therapy in favor of hitting the road, cutting its Alibaba stake and buying Ctrip shares.
The Chinese travel site said its transportation ticketing revenue grew 101 percent year-over-year.
China's biggest online travel company has agreed to buy search website Skyscanner Holdings for $1.74 billion.
U.S. stock index futures pointed to a flat open on Wednesday ahead of a Thanksgiving holiday as Wall Street hit record highs again.
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Some may fear an end of globalization, but others see renewed opportunities for investors in emerging markets.
Ctrip Chairman and CEO James Liang talks about Beijing's push to promote tourism and how it benefits China's tourist-related sectors and spending.
Take a look at some of Thursday's early movers: YHOO, M, RAD, CTRP, WMT, JBL
U.S. stocks traded mostly higher, helped by gains in oil prices, with the Dow and S&P about 1 percent below their 52-week intraday highs.
Tuesday's rally appears to be tied to the battle over whether China's two mainland stock exchanges should be included in the world's biggest indexes.
CLSA gave clients its top stock ideas for the next decade.
Why the emerging nations are attractive
Shares of several U.S.-listed Chinese e-commerce firms rose after Alibaba Group's earnings showed continued strength in Chinese consumer spending.
Hedge funds had their worst quarterly stock picking performance since the financial crisis, according to data from Morgan Stanley.
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Baidu reported a 33 percent increase in quarterly revenue as more advertising money flowed into its core search engine business.