Pursuits
Weibo Platform Boosts Tudou as Web Gamers Climb: China Overnight
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Tudou Holdings Ltd. surged the most ever in New York, driving an index of U.S.-traded Chinese stocks to a seventh weekly gain, after the company announced an improved video platform with Weibo, a Twitter-like service with 250 million users.
Online game developers Shanda Games Ltd. and Perfect World Co. also climbed as their high cash levels and cheapness compared with U.S. peers spurred analysts to upgrade their stock. The Bloomberg China-US 55 Index of the most-traded Chinese shares in the U.S. advanced 0.8 percent to a five-month high of 106.48 on Feb. 3, rising 2.3 percent in the week.