Chinese Internet Names Continue To Soar (SINA, SNDA, YOKU)

By Roger Nachman
Benzinga Staff Writer
April 18, 2011 1:57 PM

Posted in: Long Ideas, Movers, Trading Ideas

Shares of Chinese internet stocks are soaring, and it seems like there is no stopping these momentum names.

Names like NetEase.com, Inc. (NASDAQ: NTES), SINA Corporation (NASDAQ: SINA), Youku.com Inc (NYSE: YOKU), and Shanda Interactive Entertainment Ltd ADR (NASDAQ: SNDA) are all higher today, with Shanda Interactive Entertainment gaining more than 10% on heavy volume.

This morning Shanda Interactive announced it would be filing an IPO for its unit, Cloundary, which is the company's online literature unit.

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Chinese Internet Names Continue To Soar (SINA, SNDA, YOKU)

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