NQ Mobile Inc (ADR) (NQ), E Commerce China Dangdang Inc (ADR) (DANG): 5 Chinese Stocks That Soared Last Week

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There are some Chinese e-tailers growing faster, and some are even profitable. However, E Commerce China Dangdang Inc (ADR) (NYSE:DANG)remains one of the most actively traded dot-com names in China as the poster child of Internet retail in the world’s most populous nation.

Youku Tudou Inc (ADR) (NYSE:YOKU) issued a press release touting its market-share gains. The leading video streaming provider in China leaned on June metrics from iResearch showing that Youku attracted more unique visitors than its two nearest competitors combined. Youku averaged 14 million daily unique visitors in June. Qiyi and PPS registered 7.9 million and 6 million viewers, respectively.

Investors won’t have to wait long to get an even better snapshot of Youku Tudou Inc (ADR) (NYSE:YOKU). It reports quarterly results on Thursday night.

Renren moved higher after encouraging news by other companies in the social networking space. Facebook Inc (NASDAQ:FB)‘s push to a fresh 52-week high — reclaiming its IPO price for the first time since the day it went public 15 months ago — likely helped woo investors back into the volatile realm of social networking, but we also had China’s own YY Inc (ADR) (NASDAQ:YY) coming through with a better-than-expected profit as revenue more than doubled.

Renren is still at least a couple of years away from turning a profit, but it did schedule its annual shareholder meeting for later this month.

Betting on China
There’s plenty of growth still to be had if you buy the right Chinese growth stocks.

The article 5 Chinese Stocks That Soared Last Week originally appeared on Fool.com.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Ctrip.com International and Facebook. The Motley Fool owns shares of China Mobile, Ctrip.com International, and Facebook.

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